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Get Kentucky Tax Form 740

Threshold amount based on the federal poverty level. The 2011 threshold amount is $10,890 for a family size of one, $14,710 for a family of two, $18,530 for a family of three and $22,350 for a family of four or more. STANDARD DEDUCTION For 2011, the standard deduction is $2,240. KENTUCKY SMALL BUSINESS INVESTMENT CREDIT For taxable years beginning after December 31, 2010, a small business may be eligible for a nonrefundable credit of up to one hundred percent (100%) of the Kentucky income ta.

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