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This document is a tax return form for individuals filing income tax in Kentucky for the year 2017. It is specifically intended for single persons with no dependents. The form includes calculations for adjusted gross income, standard deduction, taxable income, tax liability, and available credits, as well as options for political party fund designations and contributions to various trust funds.
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How to fill out 740-ez
How to fill out 740-ez
01
Obtain Form 740-EZ from the Kentucky Department of Revenue website or your local tax office.
02
Fill out your personal information at the top of the form, including your name, social security number, and address.
03
Indicate your filing status (single or married) by checking the appropriate box.
04
Report your income by entering it in the designated section of the form.
05
Calculate your total tax by following the instructions provided on the form.
06
Deduct any applicable credits and payments to arrive at your final tax amount.
07
Sign and date the form to certify that the information provided is accurate.
08
Mail the completed form to the address specified in the instructions or file electronically if available.
Who needs 740-ez?
01
Individuals who are residents of Kentucky and have a straightforward tax situation.
02
Taxpayers who have income within certain limits and don't itemize deductions.
03
Those eligible for standard deductions and credits may also find this form appropriate.
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What is 740-ez?
740-ez is a simplified income tax return form used by individuals in Kentucky who have straightforward tax situations and meet certain eligibility requirements.
Who is required to file 740-ez?
Individuals with a simple tax situation, typically those with only wage income, unemployment income, or certain types of retirement income, and who meet income thresholds set by the state are required to file 740-ez.
How to fill out 740-ez?
To fill out 740-ez, you need to gather your income documents, complete the form by entering your basic information, report your income, and calculate your tax liability and any applicable credits or deductions.
What is the purpose of 740-ez?
The purpose of 740-ez is to provide a simplified filing option for eligible taxpayers in Kentucky, facilitating easier and faster tax return processing.
What information must be reported on 740-ez?
Information that must be reported on 740-ez includes total income, filing status, personal exemptions, any applicable credits, and the total tax due.
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