Q:

# What are some factors that determine the tax rate in Georgia?

A:

Taxable income and filing status determine Georgia state income tax rates, according to the Tax Foundation. Filers who meet specific criteria can exempt more of their income from tax, states Bankrate. Georgia imposed a maximum tax rate of 6 percent and a minimum tax rate of 1 percent in 2014.

## Keep Learning

In Georgia, married people and heads of household are subject to one set of tax brackets and single filers are subject to another, states Bankrate. Single filers pay 6 percent income tax on taxable income in excess of \$7,000, while married and head of household filers pay the top rate only on income over \$10,000. The 1 percent tax rate applies on incomes up to \$750 for single filers and \$1,000 for married and head of household filers. Retired and disabled taxpayers can exclude between \$30,000 and \$65,000 of their income from tax.

In Georgia, income taxes are imposed only on income that falls within the tax bracket, states the Tax Foundation. The 2014 tax rates are 1, 2, 3, 4, 5 and 6 percent and increase as income rises. Georgia allows married filers to exempt \$7,400 of their income from tax, but it only allows single filers to exempt \$2,700. The exemption of income for each dependent on a tax return is the same for all filers at \$3,000. Single filers receive a standard deduction of \$2,300, while married filers are allowed a \$3,000 standard deduction.

Sources:

## Related Questions

• A: The 2013 instruction 1040 tax table consisted of tax rates and tax brackets for that particular year, basing the tax rates on income and filing status. Tax... Full Answer >
Filed Under:
• A: To use the Georgia income tax tables to calculate your taxes, look up the bracket your Georgia taxable income falls under, and locate your tax amount under... Full Answer >
Filed Under:
• A: Georgia state tax tables are separated in groups from based on your means of income, with columns arranged according to the amount of income a person earne... Full Answer >
Filed Under:
• A: As of September 2015, the average combined sales tax rate for the state of Virginia is 5.63 percent, according to Tax Foundation. This rate combines the st... Full Answer >
Filed Under:
PEOPLE SEARCH FOR