What are the income tax brackets in Georgia?
Georgia Income Tax Brackets and Rates: Single Filers
| If your Georgia taxable income is over: | But not over: | Your tax is: |
|---|---|---|
| $0 | $750 | 1% of your income |
| $750 | $2,250 | $8 + 2% of the excess of $750 |
| $2,250 | $3,750 | $38 + 3% of the excess of $2,250 |
| $3,750 | $5,250 | $83 + 4% of the excess of $3,750 |
What is the tax exemption for 2014?
Next year’s personal exemption will increase by $50 to $3,950….Standard Deduction and Personal Exemption.
| Filing Status | Deduction Amount |
|---|---|
| Single | $6,200.00 |
| Married Filing Jointly | $12,400.00 |
| Head of Household | $9,100.00 |
| Personal Exemption | $3,950.00 |
How is Georgia taxable income calculated?
Your Georgia taxable income will be your adjusted gross income less your personal exemptions and standard or itemized deductions. Tax rates of between 1% and 6% will then apply depending on your tax bracket to determine your total tax due.
What was the tax rate in 2015?
How We Make Money
| Tax rate | Single | Head of household |
|---|---|---|
| 10% | Up to $9,225 | Up to $13,150 |
| 15% | $9,226 to $37,450 | $13,151 to $50,200 |
| 25% | $37,451 to $90,750 | $50,201 to $129,600 |
| 28% | $90,751 to $189,300 | $129,601 to $209,850 |
What was the minimum income to file taxes in 2015?
What Are the Minimum Income Requirements to File a 2015 Federal Income Tax Return?
| Filing Status | Age | Minimum W-2 Income Requirement |
|---|---|---|
| Single | Under 65 | $10,300 |
| 65 or older | $11,850 | |
| Head of Household | Under 65 | $13,250 |
| 65 or older | $14,800 |