SCorpDesk / 2026 S-Corp & QBI Guides / Kentucky (KY) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
Kentucky (KY) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
What are the 2026 S-Corp tax and PTET rules in Kentucky?
In Kentucky (KY), the 2026 S-Corporation election rule is: Recognizes Federal Form 2553 (Form PTE). For the Pass-Through Entity Tax (PTET) deduction: 4.00% Kentucky Pass-Through Entity Tax. Entity-level franchise/minimum tax: $175 Minimum Limited Liability Entity Tax (LLET).
In Kentucky (KY), the 2026 S-Corporation election rule is: Recognizes Federal Form 2553 (Form PTE). For the Pass-Through Entity Tax (PTET) deduction: 4.00% Kentucky Pass-Through Entity Tax. Entity-level franchise/minimum tax: $175 Minimum Limited Liability Entity Tax (LLET).
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2026 Kentucky (KY) S-Corporation Statutory Tax Matrix
| Kentucky S-Corp Compliance Area | 2026 Statutory Rule |
|---|---|
| State S-Corp Election Recognition | Recognizes Federal Form 2553 (Form PTE) |
| Pass-Through Entity Tax (PTET) Election | 4.00% Kentucky Pass-Through Entity Tax |
| Annual Minimum / Franchise Tax | $175 Minimum Limited Liability Entity Tax (LLET) |
| Federal Section 199A QBI Deduction | Up to 23% of qualified K-1 income under Public Law 119-21 |
| Home Office & Mileage Deduction Method | Must use an IRC Section 62(c) Corporate Accountable Plan |
Frequently Asked Questions
Does Kentucky require a separate state S-Corp election in 2026?
For Kentucky (KY): Recognizes Federal Form 2553 (Form PTE).
What is the Kentucky S-Corp franchise or minimum tax for 2026?
In Kentucky: $175 Minimum Limited Liability Entity Tax (LLET).