Georgia State Taxes 2020-2021: Income And Sales Tax Rates Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. SHARE: Walter Bibikow/Getty Images November 17, 2021 Erin Gobler is a personal finance expert and journalist who seeks to make the financial services industry more accessible by breaking down complicated financial topics in simple terms. Lance Davis is the Vice President of Content for Bankrate. Lance leads a team responsible for creating educational content that guides people through the pivotal steps in their financial journey. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logo The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Georgia’s income tax rates range from 1.00 percent to 5.75 percent. Taxpayers reach their highest tax bracket once they reach an income of $7,000 for single filers and $10,000 for married taxpayers filing jointly. Georgia personal income tax rates Table
Georgia personal income tax rates Tax rate Single, married filing separate Married filing jointly 1.00% $0-$750 $0-$1,000 2.00% $751-$2,250 $1,001-$3,000 3.00% $2,251-$3,750 $3,001-$5,000 4.00% $3,751-$5,250 $5,001-$7,000 5.00% $5,251-$7,000 $7,001-$10,000 5.75% $7,001 or more $10,001 or more Source: The above income tax rates are for the 2021 tax year. Georgia Governor Brian Kemp recently that will go into effect beginning the 2022 tax year. Who has to file Georgia state taxes
As a full-year resident of Georgia, you’ll have to file an income tax return if any of the following apply to you: You’re required to file a federal income tax return. You have income in Georgia that’s subject to the state’s income tax but not to federal income tax. Your income exceeds Georgia’s standard deduction and personal deductions. You may also be required to file an income tax return as a part-year resident or non-resident. Part-year residents must file a tax return in Georgia if they’re legal residents of the state for any portion of the year and are required to file a federal income tax return. Part-time residents should complete Schedule 3 to determine how much they’ll owe in Georgia income taxes. In the cases of non-residents, a tax return is required if you earned income from a Georgia source that includes wages, lottery winnings, rent or income from flow-through entities. Not sure where to start with filing your federal and state taxes? on the 2022 tax season. Georgia sales tax rate Table
Georgia sales tax rates Sales tax rate National rank 4% 40 Source: Georgia residents enjoy one of the lowest sales tax rates in the country. However, Georgia allows local governments to charge their own additional sales tax. As a result, the average taxpayer pays a combined state and local sales tax rate that is around 7.31 percent, according to the Tax Foundation. Other things to know about Georgia state taxes
While income and sales taxes are the ones that apply to most taxpayers, the state also charges a 5.75 percent corporate tax rate on Georgia businesses, as well as property taxes on real estate. For more information, go to the . Learn more
SHARE: Erin Gobler is a personal finance expert and journalist who seeks to make the financial services industry more accessible by breaking down complicated financial topics in simple terms. Lance Davis is the Vice President of Content for Bankrate. Lance leads a team responsible for creating educational content that guides people through the pivotal steps in their financial journey. Related Articles