Georgia

Tax Rate Range: Low - 1.0%; High - 6%
Income Brackets: Lowest - $750; Highest - $7,000
Number of Brackets: 6
Personal Exemptions: Single - $2,700; Married - $5,400; Dependents - $3,000
Standard Deduction: Single - $2,300; Married filing joint return - $3,000; Taxpayer over 65 - $1,300 additional.
Medical/Dental Deduction: Same as Federal taxes
Federal Income Tax Deduction: None
Retirement Income Taxes: Social Security is exempt. Taxpayers 62 and older or disabled may exclude $25,000 in pension and investment income, plus up to $4,000 of earned income. All out-of-state pensions are eligible for the $15,000 exemption. The retirement income exclusion increases to $30,000 for tax year 2007, and to $35,000 for years 2008 and beyond. For more income tax information, click here.
Retired Military Pay: Same as above.
Military Disability Retired Pay:

State Tax Software

Disability Portion - Length of Service Pay; Member on September 24, 1975 - No tax; Not Member on September 24, 1975 - Taxed, unless combat incurred. Retired Pay - Based solely on disability: Member on September 24, 1975 - No tax; Not Member on September 24, 1975 - Taxed, unless all pay based on disability and disability resulted from armed conflict, extra-hazardous service, simulated war, or an instrumentality of war.
VA Disability Dependency and Indemnity Compensation: Not subject to federal or state taxes
Military SBP/SSBP/RCSBP/RSFPP: Generally subject to state taxes for those states with income tax. Check with state department of revenue office.
* The tax brackets are for single individuals. For joint filers the income brackets range from $1,000 to $10,000.

Sales Taxes

State Sales Tax: 4% (food, prescription drugs exempt), local taxes may add an additional 3%.
Gasoline Tax: 21.3 cents/gallon
Diesel Fuel Tax: 24.2 cents/gallon
Cigarette Tax: 37 cents/pack of 20

A homeowner may pay a combination of county, city, school or state taxes depending on location. Property tax relief measures are included in the state's comprehensive property tax credit law that can be viewed on their web site. Homeowners 62 and older who earn $10,000 or less, will find that up to $10,000 of their property's assessed value is exempt from school taxes. Persons 62 or older whose family income does not exceed $30,000 may qualify for an exemption from state and county property taxes equal to the amount by which the assessed value of the homestead exceeds the assessed value for the preceding tax year. For those 65 and older who earn $10,000 or less, $4,000 of their property's value is exempt from state and county taxes as well. Call 404-968-0778 for details. To view additional information about property taxes, click here.
The state offers homestead exemptions to persons that own and occupy their home as a primary residence. Many counties offer homestead exemptions that are more beneficial to the taxpayer than the exemptions offered by the state. Homestead exemptions are filed with the county tax commissioner or the county tax assessor's office. The homestead exemption is deducted from the assessed value (40% of the fair market value) of the home Then the millage rate is applied to arrive at the amount of ad valorem tax due. For more information on homestead exemptions click here.