{"data":{"id":"us-ky/krs-141.081","jurisdiction":"us-ky","citation":"KRS 141.081","heading":"Optional standard deduction for individuals -- Exception.","body":"(1) An individual, at his election, may deduct from his adjusted gross income a\nstandard deduction of:\n(a) Six hundred and fifty dollars ($650) for taxable years beginning before\nDecember 31, 1996;\n(b) Nine hundred dollars ($900) for taxable years beginning af ter December 31,\n1996, but before December 31, 1997;\n(c) One thousand two hundred dollars ($1,200) for taxable years beginning after\nDecember 31, 1997, but before December 31, 1998;\n(d) One thousand five hundred dollars ($1,500) for taxable years beginning  after\nDecember 31, 1998, but before December 31, 1999;\n(e) One thousand seven hundred dollars ($1,700) for taxable years beginning after\nDecember 31, 1999, but before December 31, 2000; and\n(f) The amount calculated under subsection (2) of this section fo r taxable years\nbeginning after December 31, 2000.\n(2) (a) For taxable years beginning after December 31, 2000, and each taxable year\nthereafter, the standard deduction for the current taxable year shall be equal to\nthe standard deduction for the prior taxable year multiplied by the greater of:\n1. The average of the monthly CPI -U figures for the twelve (12)\nconsecutive months ending in and including the July six (6) months\nprior to the January beginning the current tax year, divided by the\naverage of the monthly CPI-U figures for the twelve (12) months ending\nin and including the July eighteen (18) months prior to the January\nbeginning the current tax year; or\n2. One (1).\n(b) As used in this subsection, a tax year shall be the twelve (12) month period\nbeginning in January and ending in December.\n(c) As used in this subsection, \"CPI -U\" means the nonseasonally adjusted United\nStates city average of the Consumer Price Index for all urban consumers for\nall items, as released by the federal Bureau of Labor Statistics.\n(3) The standard deduction provided for in this section shall be in lieu of all deductions\nand shall not be allowed in the case of a taxable year of less than twelve (12)\nmonths on account of a change in the accounting period or in the case of a fiduciary.\n(4) In the case of a husband and wife  living together, the standard deduction provided\nfor in this section shall not be allowed to either if the net income of one (1) of the\nspouses is determined without regard to the standard deduction. The determination\nof marital status shall be made in th e manner prescribed in Section 153 of the\nInternal Revenue Code.","path":["KRS Chapter 141"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29067","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:34Z","sha256":"066fba500a4b4bfdb228a99146a437281bf9ae098a3a945f2f8cfcf489e82b9a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-141.080","next":"us-ky/krs-141.082"},"notice":"GroundRules: Original legal text. Not legal advice."}