Kentucky allows pension income (including annuities, IRA accounts, 401(k) and similar deferred compensation plans, death benefits, etc.) paid under a written retirement plan to be excluded from income on the Kentucky return. Report only pension income received while a resident of Kentucky.
How much can I exclude from income?
For 2022 the exclusion amount is 100% of taxable retirement benefits, or $31,110, whichever amount is less. The subtraction is figured for each taxpayer listed on the return. Please enter the amounts in the corresponding boxes to correctly calculate the return.
Program Entry
- State Section
- Edit Kentucky
- Retirement Income Schedule P Part 1 Only
See also Is my military pension/retirement income taxable to Kentucky?