Georgia Standard Deduction And Personal Exemptions 2025

Georgia Standard Deduction And Personal Exemptions 2025. Historical Comparisons of Standard Deductions and Personal Exemptions Intuit TurboTax Blog 2022 Tax Year Individual Standard Deductions Amounts Standard Deduction: The standard deduction for Georgia.

Georgia's standard deductions are: $24,000 if filing a return as married filing jointly ; $12,000 if filing as any other filing status ; Personal exemptions have been replaced, except for a $4,000 dependent exemption. Effective January 1, 2024, the income tax rate is 5.39%; Personal exemptions have been repealed except for the $4,000 dependent exemption; Georgia standard deductions have increased to $24,000 for Married filing jointly returns and $12,000 for Single, Head of household, Married filing separately, and Qualifying surviving spouse returns

IRS Announces 2025 Tax Brackets, Standard Deductions And Other Inflation Adjustments

Georgia Residents State Income Tax Tables for Head of Household Filers in 2025 Personal Income Tax Rates and Thresholds (Annual) Tax Rate Taxable Income Threshold; 10%: Income from $ .000.00: to: $ 17,000.00: 12%: This change is aimed at making Georgia more attractive to businesses by lowering the tax burden on corporations operating within the state The standard deduction for a Single Filer in Georgia for 2025 is $ 7,100.00.

New Standard Deductions 2025 Ophelia Sterlingsa. As with personal income taxes, these rates will decline yearly until 2028 Eliminated standard deductions and significantly increased personal exemptions to $12,000 for singles and heads of households, and $18,500 for married couples.

What Is The Standard Deduction For 2024 Irs Maggi Beverlie. Single/Head of Household/Qualifying Surviving Spouse - $5,400; Married Filing Jointly - $7,100; Married Filing Separately - $3,550. For more information, see the most current Individual Income Tax Instruction Booklet (Form IT-511)