The IRS has announced that it will begin processing tax returns on February 12, 2019. This is later than usual due to the government shutdown.
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The date when Kansas starts accepting tax returns for the year is typically sometime in late January or early February. However, the exact date changes from year to year, so it’s important to check the Kansas Department of Revenue website for the most up-to-date information.
If you need to file a state tax return for Kansas, you have a few different options. You can prepare and file your return online, through the mail, or in person at a Kansas Department of Revenue office.
Kansas Tax Laws
Kansas will start accepting tax returns on January 1, 2020. The state has a new law that requires all tax filers to use the same software to file their taxes. This software is called TaxSlayer.
Kansas Tax Brackets
As of 2019, Kansas has four income tax brackets, with a maximum marginal income tax of 5.70% as shown in the table below. In Kansas, these marginal rates are applied to taxable income (after any deductions). Depending on your income and filing status, you may be eligible for certain credits that can lower your tax bill. Be sure to explore all of your options to get the most out of your return.
If you have any questions about your taxes, feel free to contact the Kansas Department of Revenue or an accountant or financial advisor.
*0% on the first $30,000 of taxable income for single filers
*0% on the first $30,000 of taxable income for married filers filing jointly and qualifying widows/widowers
*3.10% on taxable income between $30,001-$60,000 for single filers
*3.10% on taxable income between $30,001-$60,000 for married filers filing jointly and qualifying widows/widowers
Kansas Standard Deduction
The Kansas standard deduction is a deduction that is available to all taxpayers who file a Kansas individual income tax return. The amount of the deduction is based on the taxpayer’s filing status and is adjusted for inflation each year. For tax year 2020, the deductions are as follows:
-For single taxpayers, the deduction is $3,000.
-For married taxpayers filing a joint return, the deduction is $6,000.
-For married taxpayers filing a separate return, the deduction is $3,000.
-For head of household taxpayers, the deduction is $4,500.
Kansas Itemized Deductions
An itemized deduction is a type of tax deduction that allows taxpayers to deduct certain expenses from their taxable income. These deductions are typically for items such as mortgage interest, state and local taxes, medical expenses, and charitable contributions. The Kansas Department of Revenue allows taxpayers to itemize their deductions on their state income tax return if they feel that it would result in a lower tax liability than taking the standard deduction.
To itemize your deductions on your Kansas income tax return, you will need to fill out Schedule S, which can be found on the Kansas Department of Revenue website. On this schedule, you will list all of the deductions that you are claiming. Some of the more common deductions that Kansas taxpayers claim are listed below.
* Mortgage interest: You can deduct the interest that you paid on your primary residence or second home during the tax year.
* State and local taxes: You can deduct the amount of state and local taxes that you paid during the tax year, including property taxes, sales taxes, and income taxes.
* Medical expenses: You can deduct any medical expenses that you paid during the tax year, as long as they exceed 7.5% of your adjusted gross income.
* Charity: You can deduct any charitable contributions that you made during the tax year.
When Will Kansas Start Accepting Tax Returns?
Tax season is upon us and that means it’s time to start thinking about filing your taxes. If you’re like most people, you’re probably wondering when you can file your taxes and get your refund. The answer to that question depends on a few factors, but we’ve got you covered.
Federal Tax Returns
The IRS has announced that it will begin accepting tax returns on January 27, 2020. Kansas will start accepting tax returns at the same time.
State Tax Returns
The state of Kansas will start accepting tax returns on January 20, 2020. This is later than last year, when the state began accepting tax returns on January 19, 2019. The delay is due to the ongoing rollout of the new TaxSlayer Pro software.
The state of Kansas anticipates beginning to accept electronic and paper tax returns on January 28, 2019. The Kansas Department of Revenue will be accepting returns during regular business hours, Monday through Friday from 8:00 am to 5:00 pm.