What Are Some Factors That Determine the Tax Rate in Georgia?


Quick Answer

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.

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Full Answer

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.

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