Georgia state income tax brackets 2020. 2020 georgia tax tables with 2020 federal income tax rates medicare rate fica and supporting tax and withholdings calculator. The tax rate for the portion of a motor vehicle sale that exceeds 500000 is 6 because the 1 2nd lost and the 1 tsplost do not apply. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income of 518400 and higher for single filers and 622050 and higher for married couples.
We can also see the progressive nature of georgia state income tax rates from the lowest ga tax rate bracket of 1 to the highest ga tax rate bracket of 575. Georgias 2020 income tax ranges from 1 to 575. The states seven individual income tax brackets were consolidated into five with the first two brackets eliminated and each of the remaining marginal rates was reduced by 4 percent.
There are 30 days left until taxes are due. Income tax tables and other tax information is sourced from the georgia department of revenue. Georgia tax brackets 2019 2020.
Start filing your tax return now. Higher earners pay higher rates although georgias brackets top out at 7000 for single filers which means the majority of full time workers will pay the top rate. Indexing of the brackets was frozen at 2018 levels for tax years 2019 and 2020 but is set to resume in 2021.
Compare your take home after tax and estimate your tax return online great for single filers married filing jointly head of household and widower. This page has the latest georgia brackets and tax rates plus a georgia income tax calculator. The georgia income tax has six tax brackets with a maximum marginal income tax of 575 as of 2020.
Looking at the tax rate and tax brackets shown in the tables above for georgia we can see that georgia collects individual income taxes differently for single versus married filing statuses for example. Detailed georgia state income tax rates and brackets are available on this page. If you want to compare all of the state tax rates on one page visit.
Many state pages also provide direct links to selected income tax return forms and other resources.