Basic Info
Deductions
Insurance Premiums
Your Georgia Paycheck Results
Calculating your paycheck…
Take-Home Pay:
$0.00
Per Pay Period:
$0.00
Tax Breakdown
Federal Income Tax:
$0.00
State Income Tax (GA):
$0.00
Social Security:
$0.00
Medicare:
$0.00
Additional Medicare:
$0.00
Total Tax:
$0.00
Deduction Breakdown
401(k) Contribution:
$0.00
Traditional IRA:
$0.00
HSA Contribution:
$0.00
FSA Contribution:
$0.00
Health Insurance:
$0.00
Dental Insurance:
$0.00
Vision Insurance:
$0.00
Other Deductions:
$0.00
Total Deductions:
$0.00
Gross Annual Income:
$0.00
Effective Tax Rate:
0.00%
Georgia State Income Tax Information
As of 2025, the American state has implemented a flat personal income tax rate of 5.29%, replacing its previous progressive tax system. This rate is scheduled to decrease incrementally to 4.99% by 2029, contingent upon meeting specific revenue benchmarks.
Standard Deduction: Eliminated in 2024.
Personal Exemption: $12,000 for single filers and heads of household; $18,500 for married couples filing jointly.
Federal Income Tax
Federal income taxes apply to all U.S. residents based on income, filing status, and deductions. The IRS uses a progressive tax rate structure from 10% to 37%.
FICA Taxes
| Component | Rate | Income Limit |
|---|---|---|
| Social Security | 6.2% | Up to $168,600 |
| Medicare | 1.45% | No Limit |
| Additional Medicare | 0.9% | Above $200,000 (Single) / $250,000 (Married) |
Pre-Tax Deductions
These deductions reduce your taxable income and can significantly lower your tax burden:
- 401(k), 403(b), and similar retirement contributions
- Health and dental insurance premiums
- Health Savings Account (HSA) and Flexible Spending Account (FSA) contributions
- Pre-tax commuter and transit benefits
State-Specific Deductions and Credits
| Credit or Deduction | Description |
|---|---|
| Child and Dependent Care Tax Credit | Non-refundable credit equal to 30% of the federal credit, up to $315 for one child and $672 for two or more children. |
| Proposed Child Tax Credit | Pending legislation proposes a $250 credit per child under age 7, with additional credits for childcare expenses and employer-provided childcare facilities. |
| Quality Jobs Tax Credit | Businesses creating at least 50 new quality jobs may receive credits ranging from $2,500 to $5,000 per job annually for up to five years. |
| GOAL Scholarship Program | Provides a dollar-for-dollar state income tax credit for donations to scholarship organizations, supporting K-12 education. |
| PEACH Education Tax Credit | Allows taxpayers to direct a portion of their state income tax to public school innovation programs, with a cap of $15 million annually. |
Interesting Facts About the State’s Taxes
- The American state transitioned to a flat income tax rate in 2024, simplifying its tax structure.
- It offers various tax credits to encourage business growth and educational support.
- There is no estate or inheritance tax, making it favorable for wealth transfer planning.
- Property taxes are relatively low, averaging 0.72% of the assessed home value.
- The state provides tax relief measures for disaster-affected areas, including exemptions and credits for recovery efforts.
FAQs – State Paycheck Tax
- 1. Does the state tax Social Security benefits?
- No, Social Security benefits are exempt from state income tax.
- 2. Are there any local income taxes in the state?
- No, the state does not impose local income taxes; residents are subject only to state and federal income taxes.
- 3. Can I deduct contributions to a Health Savings Account (HSA)?
- Yes, HSA contributions are deductible on both federal and state income tax returns, reducing your taxable income.
- 4. Is there a tax credit for renters?
- Currently, the state does not offer a specific income tax credit for renters, but property tax relief programs may be available at the municipal level.
- 5. How does the state handle capital gains taxation?
- Capital gains are taxed as regular income, subject to the state’s flat income tax rate.