2017 Georgia Tax Guide
View Past Years' Brackets. Georgia's income tax brackets were last changed seven years prior to 2016 for tax year, and the tax rates have not been changed since at least 2001. Georgia has six marginal tax brackets, ranging from 1% (the lowest Georgia tax bracket) to 6% (the highest Georgia tax bracket). Each marginal rate only applies to earnings within the applicable marginal tax bracket.
In Georgia, different tax brackets are applicable to different filing types. Married couples filing their Georgia income tax return jointly will usually have wider tax brackets than those filing separately or as an individual. How do Georgia tax brackets work? Technically, you don't have just one 'tax bracket' - you pay all of the Georgia marginal tax rates from the lowest tax bracket to the tax bracket in which you earned your last dollar. For comparison purposes, however, your Georgia tax bracket is the tax bracket in which your last earned dollar in any given tax period falls. You can think of the bracketed income tax as a flat amount for all of the money you earned up to your highest tax bracket, plus a marginal percentage of any amount you earned over that.
Georgia Tax Center
The chart below breaks down the Georgia tax brackets using this model:. Georgia Income Tax Estimator You can use the income tax estimator to the left to calculate your approximate Georgia and Federal income tax based on the most recent tax brackets. Keep in mind that this estimator assumes all income is from wages, assumes the standard deduction, and does not account for tax credits.
For a more detailed estimate that takes these factors into account, click 'View Detailed Estimate' (this will will redirect to an external website). Georgia Tax Deductions When calculating your Georgia income tax, keep in mind that the Georgia state income tax brackets are only applied to your adjusted gross income (AGI) after you have made any qualifying deductions.
Qualifying deductions might include an itemized deduction, the Georgia standard deduction, exemptions for dependants, business expenses, etc. Remember that Georgia may have very different deduction laws from the, so you may have to write a whole new list of deductions for your Georgia income tax return. In addition to marginal tax brackets, one of the major features of the Georgia income tax is deductions. The three most common deductions encountered by taxpayers are the Georgia Standard Deduction, the Georgia Personal Exemption, and the Georgia Dependent Deduction. The current values of these deductions for tax year 2016 are as follows: Standard Deduction Standard Deduction Personal Exemption Dependant Exemption $2,300.00 $3,000.00 $2,700.00 $3,000.00 The standard deduction, which Georgia has, is a deduction that is available by default to all taxpayers who do not instead choose to file an itemized deduction. Essentially, it translates to $2,300.00 per year of tax-free income for single Georgia taxpayers, and $3,000.00 for those filing jointly. The Personal Exemption, which is supported by the Georgia income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living expenses.
Likewise, you can take an additional dependent exemption for each qualifying dependent (like a child or family member), who you financially support. The also has a standard deduction, personal exemptions, and dependant deductions, though they are different amounts than Georgia's and may have different rules. Head over to the page to learn about the Federal Income Tax, which applies in all states nationwide. Sources & Citations Disclaimer: While we do our best to keep this list of Georgia income tax rates up to date and complete, we cannot be held liable for errors or omissions. Is info on this page missing or out-of-date? Please Please note: Our Georgia tax brackets are currently from tax year 2016 (filed in April 2017). Many states adjust their tax brackets yearly, and we will update the $stateName tax brackets for 2017 / 2018 as soon as they become available.
Tax Data Sources:. The Georgia tax brackets on this page were last updated from the Georgia Department of Revenue in 2016. Please if any of our Georgia tax data is incorrect or out of date.
Georgia tax return forms are available or the Georgia Department of Revenue. Before the official 2018 Georgia income tax brackets are released, the brackets used on this page are an estimate based on the previous year's brackets. These numbers are subject to change if new Georgia tax tables are released. The Georgia income tax estimator tool is provided.
2017 Payroll Tax Rates by State Access each state’s current wage/tax information in an easy to read and printable format. Check back frequently for updates. These updates were published on 7/1/2017.
FAST WAGE AND TAX FACTS is distributed with the understanding that the publisher is not rendering legal, accounting, tax or other professional services. If legal advice or other assistance is required, an attorney, CPA or tax adviser should be consulted. Minimum wage rates may vary by industry and may be superseded by Federal minimum wage rules. Contact the proper agency to verify.