(b) 100% of the tax shown on your 2022 tax return. Your 2022 tax return must cover all 12 months. Note: These percentages may be different if you are a farmer, fisherman, or higher income taxpayer. See Special Rules. EXCEPTION—You don’t have to pay estimated tax payments for 2023 if you had no Kentucky tax liability for the full 12-month 2022tax year. You had no liability for 2022 if your total tax was zero or you didn’t have to file a Kentucky tax return. SPECIAL RULES There are special rules for farmers, fisherman, and certain higher income taxpayers. FARMERS AND FISHERMAN—If at least two-thirds of your gross income for 2022 or 2023 is from farming, substitute 66 2/ % for 90% in (2a) under General Rule. HIGHER INCOME TAXPAYERS—If your Kentucky adjusted gross income for 2022 was more than $150,000 ($75,000 if your filing status for 2023 is married filing separately), substitute 110% for 100% in (2b) under General Rule. This rule does not apply to farmers. 3 FAMILY SIZE TAX CREDIT—The Family Size Tax Credit is based on modified gross income (MGI) and the size of the family. If your total MGI is $36,908 or less you may qualify for Kentucky Family Size Tax Credit. Note: This credit is not applicable to fiduciary returns. “Modified gross income” used to calculate the Family Size Tax Credit means the greater of: Federal adjusted gross income adjusted to include interest income derived from municipal bonds (non-Kentucky) and lump-sum pension distributions not included in federal adjusted gross income;

or Kentucky adjusted gross income adjusted to include lump‑sum pension distributions not included in federal adjusted gross income. PASS-THROUGH ENTITIES AND INDIVIDUAL OWNERS OF DISREGARDED SINGLE MEMBER LLCs—All pass-through entities and individual owners of disregarded single member LLCs that file on Schedules C, E or F for federal income tax purposes are treated the same for Kentucky income tax purposes as they are treated for federal income tax purposes except for the differences between Kentucky law and federal law. Individuals with income from pass-through entities or disregarded single member LLCs that file Schedule C, E or F for federal income tax purposes may be required to make individual estimated tax payments. WHEN TO PAY—Taxpayers may pay the full amount of estimated tax in one payment on the earliest applicable due date, or they may pay in installments. Installments for calendar year 2023 are due April 18, June 15, September 15, 2023, and January 16, 2024. Any credit from a 2022 income tax return should be applied to the amount owed before any payments are made. Installment payments should not be made until the amount of the credit has been used. A voucher should be filed only when a payment is required. FARMERS AND FISHERMAN—If at least two-thirds of your gross income for 2022 or 2023 is from farming or fishing, you can do one of the following: • Pay all of your estimated tax by January 16, 2024. • File your 2023 Form 740 or Form 740–NP by March 1, 2024, and pay the total tax due. In this case, 2023 estimated tax payments aren’t required to avoid a penalty.

Page 2 of 3 PENALTY FOR UNTIMELY ESTIMATED PAYMENT—Failure to pay estimated tax installments on or before the due date will result in assessment of penalty on the late payment. This penalty will be calculated using the rate provided by KRS 131.183. HOW TO USE ESTIMATED TAX VOUCHERS—Enter your name, address and Social Security number(s)/FEIN in the spaces provided. In the payment block, enter the amount of payment. Do not enter amounts paid through a credit from a previous year. HOW TO PAY—You may pay your estimated tax installments using the following options: • Pay by check using Form 740-ES. Make check payable to Kentucky State Treasurer, and write your Social Security Number on the face of the check. If you chose to pay your first installment with Form 740, please prepare a separate check for the amount shown on the Form 740-ES voucher and include the voucher marked "Installment 1". • Form 8879-K, you may authorize the Kentucky Department of Revenue to debit all four of your installments on the dates due. This option must be initiated at the time of the filing and is only available for electronic filers. • Pay by ACH debit, you may access the Department of Revenue's secure website revenue.ky.gov . ANNUALIZED INCOME INSTALLMENTS—If you receive your income unevenly throughout the year (for example, because you operate your business on a seasonal basis or you have a large capital gain late in the year), you may be able to lower or eliminate the amount of your required estimated tax payment for one or more periods by using the annualized income installments method. See chapter 2 of federal publication 505 for details.

Period When Estimate Required

Number of or Change Occurs Due Date Equal Installments January 1–April 1 April 18, 2023 4 April 2–June 1 June 15, 2023 3 June 2–September 1 September 15, 2023 2 September 2–December 31* January 16, 2024 1 *If the change occurs after September 1, 2023, the voucher is not required if the 2023 Kentucky income tax return is filed and the tax shown to be due is paid on or before January 31, 2024. Failure to make required estimated installments by the specified dates may result in penalty due. FISCAL YEAR FILERS—If you pay tax for a fiscal year instead of a calendar year, your due date is the 15th day of the fourth, sixth and ninth months of your fiscal year and the 15th day of the first month of the following fiscal year. Estimated Tax Worksheet (2023) 1 Enter your total estimated wages subject to withholding......................................................................... 1 2 Enter your total estimated taxable income from sources with no withholding.......................................... 2 3 Add lines 1 and 2..................................................................................................................................... 3 4 Enter estimated adjustments to income................................................................................................... 4 5 Subtract line 4 from line 3. This is your ESTIMATED ADJUSTED GROSS INCOME............................. 5 6 Enter estimated allowable itemized deductions or the standard deduction of $2,980.00 (Enter

zero for estates or trusts)........................................................................................................................ 6 7 Subtract line 6 from line 5. Enter the difference here. This is your ESTIMATED NET INCOME............. 7 8 Compute tax on estimated net income from line 7. Multiply line 7 by 4.5% and

ENTER TAX HERE............................................................................................................................  8 9 Enter your tax credits ($40 if you are 65 or over or blind; $20 if you are

in the Kentucky National Guard)........................................................................ 9 10 Enter Family Size Tax Credit using percentage from worksheet below

(Enter zero for estates or trusts)........................................................................ 10 11 Enter Kentucky income tax to be withheld in 2023. Add lines 9 through

11 and enter total at right................................................................................... 11 12 Subtract the total on line 11 from line 8. This is your Estimated Kentucky Income Tax

for 2023. Enter here. If this amount is $500 or less, estimated tax payment is not required........... 12 13(a) Multiply line 12 by 90% (66 2/ % for farmers and fishermen,

see instructions)................................................................................................. 13a (b) Enter amount of tax liability from 2022 return (see 2(b) of General Rule)

(Multiply by 110% for high income taxpayers, see instructions)........................ 13b (c) Required annual payment. Enter the smaller of line 13(a) or 13(b)................... 13c 14 Divide line 13(c) by 4. This is amount of each installment. Enter here and in Column B,

lines 1 through 4 of Record of Estimated Tax Payments Schedule......................................................... 14 3

Page 3 of 3 These two schedules are for your records only and are not to be mailed to the Department of Revenue. *If zero or less, do not file a voucher. If amount credited exceeds amount of installment enter excess in Column C of the next line. RECORD OF ESTIMATED TAX PAYMENTS SCHEDULE

Col. A Col. B Col. C Col. D

1

2

3

4

Total Voucher Number Date Amount from line 14 above. 2022 overpayment credit applied to installment. Subtract C from B. Amount to be paid with voucher. Enter here and on Vouchers 1-4.* Use if your estimated tax substantially changes after you make your first payment. 1 Enter amended estimated tax.................. 2 Less:

(a) Amount of 2022 overpayment

credited to 2023 estimated tax...........

(b) Payments made on 2023

estimated tax to date..........................

(c) Total of Lines 2(a) and 2(b)................ 3 Unpaid balance (line 1 less line 2(c))....... 4 Amount to be paid (line 3 divided by

number of remaining installments

less any unused 2022 overpayment

credit). Enter here and in block on

voucher.................................................... AMENDED COMPUTATION SCHEDULE Family Size Tax Credit (FSTC) is based on modified gross income (MGI) and the size of the family. Refer to page 1 for the definition of MGI. The 2022 table is provided for your convenience. Note: This credit is not applicable to fiduciary returns. Family Size One Two Three Four or More

If MGI . . . is over is not over is over is not over is over is not over is over is not over

$ --- $ 13,590 $ --- $18,310 $ --- $23,030 $ --- $27,750 100

13,590 14,134 18,310 19,042 23,030 23,951 27,750 28,860 90

14,134 14,677 19,042 19,775 23,951 24,872 28,860 29,970 80

14,677 15,221 19,775 20,507 24,872 25,794 29,970 31,080 70

15,221 15,764 20,507 21,240 25,794 26,715 31,080 32,190 60

15,764 16,308 21,240 21,972 26,715 27,636 32,190 33,300 50

16,308 16,852 21,972 22,704 27,636 28,557 33,300 34,410 40

16,852 17,259 22,704 23,254 28,557 29,248 34,410 35,243 30

17,259 17,667 23,254 23,803 29,248 29,939 35,243 36,075 20

17,667 18,075 23,803 24,352 29,939 30,630 36,075 36,908 10

18,075 --- 24,352 --- 30,630 --- 36,908 --- 0 Credit Percentage is Tax Year 2022