Georgia Income Tax Rate 2023 - 2024
Georgia state income tax rate table for the 2023 - 2024 filing season has six income tax brackets with GA tax rates of 1%, 2%, 3%, 4%, 5% and 5.75% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. The Georgia tax rate and tax brackets are unchanged from last year.
Outlook for the 2024 Georgia income tax rate is a change from a progressive to a flat rate structure. Georgia code currently shows the following flat rate schedule assuming no reduction delays due to state budget shortfalls:
- 5.49% tax rate for 2024
- 5.39% tax rate for 2025
- 5.29% tax rate for 2026
- 5.19% tax rate for 2027
- 5.09% tax rate for 2028
- 4.99% tax rate for 2029
Georgia income tax rate and tax brackets shown in the table below are based on income earned between January 1, 2023 through December 31, 2023.
| Income Tax Bracket | Tax Rate 2023 | ||
|---|---|---|---|
| $0 | to | $750 | 1% |
| $751 | to | $2,250 | 2% |
| $2,251 | to | $3,750 | 3% |
| $3,751 | to | $5,250 | 4% |
| $5,251 | to | $7,000 | 5% |
| $7,001 | to | ∞ | 5.75% |
| Income Tax Bracket | Tax Rate 2023 | ||
|---|---|---|---|
| $0 | to | $1,000 | 1% |
| $1,001 | to | $3,000 | 2% |
| $3,001 | to | $5,000 | 3% |
| $5,001 | to | $7,000 | 4% |
| $7,001 | to | $10,000 | 5% |
| $10,001 | to | ∞ | 5.75% |
| Income Tax Bracket | Tax Rate 2023 | ||
|---|---|---|---|
| $0 | to | $500 | 1% |
| $501 | to | $1,500 | 2% |
| $1,501 | to | $2,500 | 3% |
| $2,501 | to | $3,500 | 4% |
| $3,501 | to | $5,000 | 5% |
| $5,001 | to | ∞ | 5.75% |
| Income Tax Bracket | Tax Rate 2023 | ||
|---|---|---|---|
| $0 | to | $1,000 | 1% |
| $1,001 | to | $3,000 | 2% |
| $3,001 | to | $5,000 | 3% |
| $5,001 | to | $7,000 | 4% |
| $7,001 | to | $10,000 | 5% |
| $10,001 | to | ∞ | 5.75% |
Source: 2023 Georgia State Tax Rate Schedule, published by the Georgia Department of Revenue.
Please reference the Georgia tax forms and instructions booklet published by the Georgia Department of Revenue to determine if you owe state income tax or are due a state income tax refund. Georgia income tax forms are generally published at the end of each calendar year, which will include any last minute 2023 - 2024 legislative changes to the GA tax rate or tax brackets. The Georgia income tax rate tables and tax brackets shown on this web page are for illustration purposes only.
Georgia Tax Brackets 2023 - 2024
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. 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 5.75%.
For single taxpayers living and working in the state of Georgia:
- Tax rate of 1% on the first $750 of taxable income.
- Tax rate of 2% on taxable income between $751 and $2,250.
- Tax rate of 3% on taxable income between $2,251 and $3,750.
- Tax rate of 4% on taxable income between $3,751 and $5,250.
- Tax rate of 5% on taxable income between $5,251 and $7,000.
- Tax rate of 5.75% on taxable income over $7,000.
For married taxpayers living and working in the state of Georgia:
- Tax rate of 1% on the first $1,000 of taxable income.
- Tax rate of 2% on taxable income between $1,001 and $3,000.
- Tax rate of 3% on taxable income between $3,001 and $5,000.
- Tax rate of 4% on taxable income between $5,001 and $7,000.
- Tax rate of 5% on taxable income between $7,001 and $10,000.
- Tax rate of 5.75% on taxable income over $10,000.
For the Single, Married Filing Jointly, Married Filing Separately, and Head of Household filing statuses, the GA tax rates and the number of tax brackets remain the same. Notice, however, the Georgia income tax brackets for Married Filing Jointly increase from $750 to $1,000 (not double) at 2%, and increase from $7,000 to $10,000 (not double) at 5.75% the highest tax bracket. Married Filing Separately income tax brackets are one half that of the Married Filing Jointly income tax brackets in the state of Georgia.
Last updated: December 3, 2023
References:
- HB 1437 - Income tax revise rates of taxation on income. Georgia General Assembly, Legislation and Laws. Retrieved December 3, 2023.
- Georgia Code 48-7-20 Individual tax rates 2023. Lexis Advance, Georgia General Assembly. Retrieved December 3, 2023.
- Georgia Code 48-7-20 Individual tax rates 2024. Lexis Advance, Georgia General Assembly. Retrieved December 3, 2023.
- New Tax Plan Risks State’s Long-Term Fiscal Health, Worsens Income and Racial Inequities. Kanso, Danny. The Georgia Budget & Policy Institute, May 23, 2022. Retrieved December 3, 2023.
- Georgia law lowers personal income tax rates starting in 2024. Ernst & Young, Tax News Update. Retrieved December 3, 2023.