![]() ![]() If you earn more than that, then you’ll be taxed 2 on income between 750 and 2,250. Still, it was long assumed Kemp would seek to cut taxes again with $16 billion sitting in state reserves. If you file in Georgia as a single person, you will get taxed 1 of your taxable income under 750. And Georgians have saved about $2 billion from two suspensions of the state gas tax, the first of which began in March 2022.Īfter three consecutive years of massive tax surpluses, revenue increases have slowed during much of 2023. This year they also approved a property tax break. The Atlanta Journal-Constitution reported in October that the state ended fiscal 2023 on June 30 with $16 billion in “rainy day” and undesignated reserves, nearly enough to run state government for six months if it had no other income.ĭuring the past two years, Kemp and lawmakers have approved income tax rebates, giving Georgians back $250 to $500. Historical Tax Tables may be found within the Individual Income Tax Booklets. Individual income tax collections make up about half of the money the state uses to pay for schools, public health care programs, policing, prisons and dozens of other things. For example, as of December 2021, Fulton County has a 3. According to the Tax Foundation, a nonpartisan tax research group in Washington, D.C., these states and their top tax rates as of the 2021 tax year are: California: 13. “We’re keeping government streamlined and giving taxpayers more of their hard-earned money back,” he said. The state sales tax rate of Georgia is 4, but counties and cities may impose additional taxes. ![]()
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