Georgia Tax Brackets

Georgia is one of the many states that uses a progressive income tax system. Here's everything.

Georgia’s state tax code has a progressive income tax system that uses brackets to determine the overall rate you pay on your total income. Individual income tax rates range from 1% to 5.75%. Unlike sales taxes, which tend to fall more heavily on lower-income families, income tax is a more consistent source of yearly revenue and helps balance out the regressive effects of other types of state taxes. This helps ensure that the state can meet the needs of all Georgians while preserving the state’s economic resilience.

Is Georgia a High-Tax State
Georgia Tax Brackets 1

Is Georgia a High-Tax State?

Georgia tax rates vary, but the state’s statewide sales and income tax are near the national average. Additionally, the state and local government may impose additional taxes on items such as gas, alcohol, cell phone usage, estate, and gifts. However, it is important to keep in mind that a state’s overall tax burden often depends on individual taxpayers and the amount of their income. For example, if you are an owner of a large business or own a home in Georgia, it may be more difficult to avoid paying taxes.

The State of Georgia offers several tax deductions to help lower your total tax liability. These include a standard deduction, an itemized deduction, a disaster assistance credit, and a low-income tax credit. Another way to save money is by claiming a property tax exemption for your home. The homestead exemption can reduce your annual property taxes by up to 5%.

In addition to the aforementioned tax deductions, Georgia also offers a low-income tax rate, which can help offset your higher federal tax bill. The state also offers tax credits for charitable contributions and education. Many people are considering moving to Georgia for a variety of reasons. Whether it’s for work or to enjoy the southern charm, Georgia is an excellent place to live.

One of the best things about living in Georgia is that it’s relatively affordable compared to other highly populated states. The cost of housing, food, and energy are much less expensive here than in other parts of the country. Georgia is an excellent choice if you’re looking for a state with great schools, a good job market, and a lower tax rate. The state is also a great place to raise a family.

Georgia Income Tax Brackets 2024

Single Filers

IncomeTax
0-$7501%
$751-$2,2502%
$2,251-$3,7503%
$3751-$5,2504%
$5,251-$7,0005%
$7,000+5.75%

Married Filing Jointly

IncomeTax
0-$1,0001%
$751-$2,2502%
$1,001-$3,0003%
$3001-$5,0004%
$5,001-$10,0005%
$10,000+5.75%

Head of Household

IncomeTax
0-$1,0001%
$751-$2,2502%
$1,001-$3,0003%
$3001-$5,0004%
$5,001-$10,0005%
$10,000+5.75%

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