Kentucky Payroll Updates - October 2024

Week Of 10.21.2024

Kentucky Boone County Announces 2025 Tax Rates

Boone County Fiscal Court released the tax rates for 2025, maintaining the current structure for both employers and businesses. The rates include a 0.5% Boone County Board of Education tax for eligible employees, a 0.8% county tax capped at $619.20 per employee, and a 0.15% mental health tax capped at $25 per employee. The document also outlines specific Tax Increment Financing (TIF) districts where additional withholding may apply. Employers are reminded of their responsibility to withhold all relevant taxes and are encouraged to contact the county for clarification on TIF district requirements.

Kentucky Campbell County Announces 2025 Payroll Tax Filing Requirements and 2024 Annual Reconciliation

The Campbell County Occupational License Office released important information regarding upcoming tax filings for businesses operating within the county and its associated cities. For the 2025 tax year, employers are required to submit quarterly payroll tax returns, ensuring timely and accurate reporting of employee wages and withholdings. This form also includes the tax tables for localities in 2025, including three Campbell County rates. Additionally, businesses must complete the 2024 Annual Reconciliation of Payroll Tax and submit it by February 28, 2025.

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