A bill sent to Kelly by lawmakers would reduce the state’s top income tax rate from 5.7% to 5.55%, but that reduction is less significant than the one in the last plan she rejected. The new bill also excludes Social Security benefits from Kansas State Income Tax and accelerates the expiration of a 2% sales tax on groceries to July 1 instead of Jan. 1.
Lawmakers who support the bill argue that it will increase economic growth and make Kansas more competitive. However, critics say the plan will increase government spending, which could trigger budget problems within a few years. As the Legislature prepares for its final five days of work, weary Democratic and Republican lawmakers are predicting that Kelly will veto the measure. She has previously vetoed other tax bills that the governor’s allies have presented, citing fiscal projections that they would cause budget problems for the state within a few years.
To file a Kansas income tax return, taxpayers must first determine their filing status. They can choose from four options: single, married filing jointly, head of household, or qualifying widow(er). Then, they must fill out their federal tax forms, which will determine the amount of taxes they owe.
Kansas State Income Tax Due Dates
Kansas has several different state tax due dates, depending on the type of business and its filing frequency. Pass-through entities (such as sole proprietorships, partnerships, and LLCs) pay their federal income taxes through their owners’ or members’ personal tax returns, so their Kansas return deadlines follow the same schedule.
The first half of KS individual income taxes are due on December 20, and the second half is due on May 10. Additionally, corporate income tax returns are due one month after the federal deadline, so they’re typically due on April 15 for calendar-year filers.
If a taxpayer needs more information to file by the deadline, they can request a six-month extension by filing Form 4868 with the IRS. However, if the taxpayer requests an extension, they must also pay any taxes owed by the original due date to avoid interest and late-payment penalties. However, it’s important to note that a tax extension only extends the deadline to file, not the payment due date.
You may also be required to file information returns (e.g., IRS forms 1098, 5498, and W-2G) for taxable non-wage payments. These returns must be filed with the KS Department of Revenue by January 31. You can find information and filing forms on the KS Customer Service Center.