us-ky/form/dor/ty2025/form-740/document-1

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us-ky/form/dor/ty2025/form-740/document-1 · Axiom

A. Spouse’s Social Security Number B. Your Social Security Number Name—Last, First, Middle Initial (Joint or combined return, give both names and initials.) Mailing Address (Number and Street including Apartment Number or P.O. Box) City, Town or Post Office State ZIP Code 5 Enter amount from federal Form 1040 or 1040-SR, line 11a. (If total

of Columns A and B is $42,760 or less, you may qualify for the

Family Size Tax Credit. See instructions.)........................................................

5 5 6 Additions from Schedule M, line 6.........................................................................

6 6 7 Add lines 5 and 6...................................................................................................

7 7 8 Subtractions from Schedule M, line 17..................................................................

8 8 9 Subtract line 8 from line 7. This is your Kentucky Adjusted Gross Income........

9 9 10 Itemizers: Enter itemized deductions from Kentucky Schedule A.

Nonitemizers: Enter $3,270 in Columns A and/or B............................................ 10 10 11 Subtract line 10 from line 9. This is your Taxable Income .................................. 11 11 12 Tax Computation: Multiply line 11 by 4% (.04) or amount from Schedule J .... 12 12 13 Enter tax from Form 4972-K ; Schedule RC-R ;

Schedule DS-R ; Angel Investor Recapture ........................................ 13 13 14 Add lines 12 and 13 and enter total here ............................................................. 14 14 15 Enter amounts from Schedule ITC, Section A, lines 25E and 25F........................ 15 15 16 Subtract line 15 from line 14. If line 15 is larger than line 14, enter zero.............. 16 16 17 Enter personal tax credit amounts from Schedule ITC, Section B............................... 17 17 18 Subtract line 17 from line 16. If line 17 is larger than line 16, enter zero.............. 18 18 19 Add tax amount(s) in Columns A and B, line 18 and enter here, continue to page 2...................................................... 19 FILING STATUS (see instructions) 1 Single 2 Married, filing separately on this combined

return. (If both had income.) 3 Married, filing joint return. 4 Married, filing separate returns. Enter spouse’s

Social Security number above and full name here. POLITICAL PARTY FUND Designating $2 will not change your refund or tax due.

A. Spouse B. Yourself

Democratic (1) (4)

Republican (2) (5)

No Designation (3) (6) A. B. KENTUCKY INDIVIDUAL INCOME TAX RETURN Residents Only

Spouse (Use if Yourself Filing Status 2 is checked.) (or Joint)

00 00

00 2025 740 Commonwealth of Kentucky Department of Revenue FORM Check if applicable:

Amended (Enclose

copy of 1040X, if

applicable.) Check if deceased: ¨ Spouse ¨ Taxpayer 250001 42A740 (10-25) Page 1 of 3 For calendar year or other taxable year beginning ________________, and ending ________________ .

Page 2 of 3 FORM 740 (2025)

00 250002 42A740 (10-25) 20 Check the box that represents your total family size (see instructions before completing lines 20 and 21)................. 20 1 2 3 4 21 Multiply line 19 by Family Size Tax Credit decimal amount __ . __ __ (__ __ __%) from Schedule ITC...................... 21 22 Subtract line 21 from line 19............................................................................................................................................ 22 23 Enter the Education Tuition Tax Credit from Form 8863-K, line 17.............................................................................. 23 24 Enter Child and Dependent Care Credit from federal Form 2441, line 11  x 20% (.20) 24 25 RESERVED..................................................................................................................................................................... 25 26 Income Tax Liability. Subtract lines 23 through 25 from line 22. If zero or less, enter zero.......................................... 26 27 Enter KENTUCKY USE TAX due on Internet, mail order, or other out-of-state purchases (see instructions).... 27 28 Add lines 26 and 27. This is your TOTAL TAX LIABILITY ............................................................................................ 28 29 For amended return; overpayment, if any, shown on original return............................................................................. 29 30 Add lines 28 and 29, enter here...................................................................................................................................... 30 31 a Enter Kentucky income tax withheld as shown on enclosed

Schedule KW-2.................................................................................................. 31a

b Enter 2025 Kentucky estimated tax/extension payments.................................. 31b

c Enter 2025 refundable certified rehabilitation credit ......................................... 31c

d Enter 2025 refundable entertainment incentive tax credit................................. 31d

e Enter 2025 refundable development area tax credit.......................................... 31e

f Enter 2025 refundable decontamination tax credit............................................ 31f

g Enter 2025 refundable pass-through entity tax credit

from Form PTET-CR, line 9............................................................................... 31g

h For amended return; enter amount paid with original return plus

additional payment(s) made after it was filed.................................................... 31h 32 Add lines 31(a) through 31(h).......................................................................................................................................... 32 33 If line 30 is larger than line 32, subtract line 32 from line 30, enter ADDITIONAL TAX DUE......................................... 33 34 a Estimated tax penalty Check if Form 2210-K attached..................... 34a

b Interest............................................................................................................... 34b

c Late payment penalty........................................................................................ 34c

d Late filing penalty............................................................................................... 34d 35 Add lines 34(a) through 34(d). Enter here....................................................................................................................... 35 36 If the total of lines 30 and 35 is more than line 32, subtract line 32 from the total of lines 30 and 35.

This is the AMOUNT YOU OWE, continue to page 3................................................................................. 36 37 If line 32 is more than line 30, subtract lines 30 and 35 from line 32. This is the AMOUNT YOU OVERPAID,

continue to page 3........................................................................................................................................................... 37 OWE

Page 3 of 3 FORM 740 (2025) I, the undersigned, declare under penalties of perjury that I have examined this return, including all accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. I also understand and agree that our election to file a combined return under the provisions of Regulation 103 KAR 17:020 will result in refunds being made payable to us jointly and in each of us being jointly and severally liable for all taxes accruing under this return. Enclose Payment Include a complete copy of federal Form 1040, if you received farm, business, or rental income or loss. If not required, check here. Kentucky Department of Revenue Frankfort, KY 40618-0006 Kentucky Department of Revenue Frankfort, KY 40619-0008 Check Payable: Kentucky State Treasurer E-Pay Options: www.revenue.ky.gov Include: Your Social Security number and “KY Income Tax—2025” Refund or No Payment With Payment Sign Here Paid Preparer Use Signature of Taxpayer Driver’s License/State Issued ID No. Date Telephone Number (daytime) Signature of Spouse Driver’s License/State Issued ID No. Date Signature of Preparer Date Name of Preparer or Firm ID Number Email Telephone No. May the DOR discuss this return with this preparer?

¨ Yes ¨ No

00 REFUND CREDIT FORWARD 38 FUND CONTRIBUTIONS; see instructions.

a Nature and Wildlife Fund................................................................................... 38a

b Child Victims’ Trust Fund................................................................................... 38b

c Veterans’ Program Trust Fund........................................................................... 38c

d Breast Cancer Research/Education Trust Fund................................................ 38d

e Farms to Food Banks Trust Fund...................................................................... 38e

f Local History Trust Fund.................................................................................... 38f

g Special Olympics Kentucky............................................................................... 38g

h Pediatric Cancer Research Trust Fund............................................................. 38h

i Rape Crisis Center Trust Fund ........................................................................ 38i

j Court Appointed Special AdvocateTrust Fund................................................... 38j

k YMCA Youth Association Fund.......................................................................... 38k 39 Add lines 38(a) through 38(k).......................................................................................................................................... 39 40 Amount of line 37 to be CREDITED TO YOUR 2026 ESTIMATED TAX ............................ 40

(Credit forwards not available for amended returns) 41 Subtract lines 39 and 40 from line 37. Amount to be REFUNDED TO YOU ....................................... 41 250040 42A740 (10-25)