Georgia individual income tax
Georgia's individual income tax is a tax on the income earned by residents and nonresidents of the state. The tax is based on the individual's federal-adjusted gross income, with rates ranging from 1% to 5.75%.
April 18
Return due in 2023
5.75%
Top marginal tax rate
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Pay income tax online
Visit the official state government’s website to pay individual income tax online.
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What is Georgia income tax?
Individual income tax
Individual income tax is a type of direct tax levied by Georgia on individuals that meet the taxable criteria.
Taxable incomes
Georgia taxes incomes from wages, dividends, interests and capital gains.
Tax brackets
Georgia has 3 individual income tax brackets from 1% to 5.75%.
Standard deduction
Standard deduction is $4,600 for singles and $6,000 for couples filing jointly for the year 2022.
Personal exemption
Personal exemption is $12,000 for singles and head of households and $18,500 for joint filers for the year 2022.
2022 tax rates
The following is the list of income tax rates for the tax year of 2022
| Georgia taxable income | Tax rate |
|---|---|
| $0 - $750 | 1% |
| $750 - $2,250 | 2% |
| $2,250 - $3,750 | 3% |
| $3,750 - $5,250 | 4% |
| $5,250 - $7,000 | 5% |
| $7,000+ | 5.75% |
Individual income tax
The State of Georgia requires you to pay taxes if you are a resident or part-resident(regardless of the whether they were earned within the state or not) or a non-resident that earns income from Georgia.
Types of taxable incomes
The income types on which tax is levied are:
In Georgia, all types of income are generally subject to personal income tax unless they are specifically exempt by state law. This includes, but is not limited to wages and salary, dividends, capital gains, royalties, and other types of income.
File return
To file a tax return in Georgia, first the Federal returns should be filed, taxpayers must then complete and submit a state tax return form. The tax return form requires taxpayers to report their taxable income and any credits or deductions they are eligible to claim. Taxpayers must also calculate their tax liability and pay any taxes owed by the due date.
Due
quarterly or annually
Pay taxes
Taxes in Georgia are due by 18 April, 2023. Go to the official Georgia Department of Revenue website. Tax payments are due quarterly (estimated taxes), if the gross income for the year exceeds personal exemption + credits for dependants + estimated deduction + $1,000 (not withheld).
If estimated taxes need to be paid, the due dates are quarterly installments by the 15th of April, June, September, and January.
Type of tax
graduated tax
Due
quarterly or annually
Deductions
Tax deductions are a reduction in the amount of income that is subject to taxation. It allows taxpayers to lower the amount of taxable income they have, which in turn reduces the amount of tax they owe. Tax deductions are available for a wide range of expenses, such as charitable donations, mortgage interest, medical expenses, and business expenses.
Credits
A tax credit allows taxpayers to reduce the amount of taxes they are required to pay. This is different from a tax deduction, which reduces the amount of income that is subject to taxation. Tax credits are applied directly to the tax liability, while deductions are applied to the taxable income.
Exclusions
Tax exclusions are an amount of money or income that is not subject to taxation. This means that taxpayers do not have to pay taxes on this income.
Residency
Residency in Georgia refers to an individual's permanent home or place of residence in the state.
Georgia resident
A Georgia resident is someone who has lived in Georgia for an entire year.
Georgia part-year resident
A Georgia Part-Year Resident is someone who moved into or out of the state during the tax year.
Income earned while the individual was a resident of Georgia is subject to state taxes.
If the same income is also taxed by the state where the individual previously lived, the individual may be able to claim a credit on their Georgia state tax return for taxes paid to the other state.
Georgia non-resident
A Georgia Nonresident is someone who does not have a permanent residence in the state.
Nonresidents who receive income from Georgia sources are required to pay Georgia taxes. This includes income from Georgia properties and personal services performed in the state.
Frequently asked questions
Business entities in Georgia
There are several business entities in Georgia
Georgia LLC
Page sponsorWhy we like StartGlobal?
My genuine thoughts
Willy Justin
Founder, Statepedia
StartGlobal: Legal + Taxes + Bookkeeping for solopreneurs
Product
For small businesses, managing taxes, accounting and everything legal is just a pain. Nobody wants to do it, but they have to. Instead of working with CPAs, attorneys and others separately, Start brings all of them under a single subscription. It’s just smooth.
Team
I know the team behind StartGlobal very well. It’s a very hardworking group of individuals who are genuinely passionate about small businesses. They are backed by successful founders like Balaji Srinivasan, Biz Stone(Twitter) and others.
Price
Getting a CPA or attorney is a matter of thousands of dollars. It’s just unfair to pay so much when you’re a small business. Start has a single subscription that covers it all. It is a definite money saver.
$599 one-time