Georgia Income Tax Guide 2026: Flat 5.39% Rate & Filing Tips

Georgia has transitioned to a flat 5.39% income tax in 2026 — declining to 4.99% by 2029.

Georgia Tax Rate 2026

Year Tax Rate
2023 5.49%
2024 5.49%
2025 5.39%
2026 5.39%
2027 5.29%
2028 5.19%
2029 4.99%

Georgia is phasing in annual reductions to reach 4.99%.

How Georgia Flat Tax Works

Taxable Income Tax Rate Tax Amount
$25,000 5.39% $1,348
$50,000 5.39% $2,695
$75,000 5.39% $4,043
$100,000 5.39% $5,390
$150,000 5.39% $8,085
$200,000 5.39% $10,780
$500,000 5.39% $26,950

Georgia Standard Deduction

Filing Status 2026 Deduction
Single $12,000
Married Filing Jointly $24,000
Married Filing Separately $12,000
Head of Household $18,000

Georgia increased deductions when moving to the flat rate.

Georgia Personal Exemption

Exemption Amount
Taxpayer $2,700
Spouse $2,700
Each dependent $3,000

Georgia Tax Calculation Example

Married couple, 2 children, earning $100,000:

  1. Gross income: $100,000
  2. Standard deduction: -$24,000
  3. Exemptions ($2,700 × 2 + $3,000 × 2): -$11,400
  4. Taxable income: $64,600
  5. Tax (5.39%): $3,482

Georgia vs. Southeastern States

State Rate Type Top Rate
Tennessee None 0%
Florida None 0%
South Carolina Progressive 6.4%
Alabama Progressive 5%
North Carolina Flat 4.5%
Georgia Flat 5.39%

Georgia is mid-pack among Southern states.

Georgia Retirement Income Exclusion

Georgia offers a retirement income exclusion for those 62+:

Age 62-64

Income Type Exclusion
Retirement income Up to $35,000
Earned income Up to $35,000
Total exclusion Up to $35,000

Age 65+

Filing Status Exclusion
Single Up to $65,000
Married Filing Jointly Up to $130,000

This applies to retirement income (pensions, 401k, IRA).

What Qualifies for Georgia Retirement Exclusion

Income Type Eligible?
Social Security Not taxed at all
Pension Yes
401(k)/403(b) Yes
Traditional IRA Yes
Military retirement Yes
Earned income (65+) Yes, up to $65,000

Georgia Property Tax

Metric Georgia
Average effective rate 0.87%
National rank 31st
On $350,000 home ~$3,045

Georgia has below-average property taxes.

Property Tax by County

County Average Rate
DeKalb 1.18%
Fulton (Atlanta) 1.10%
Gwinnett 0.95%
Cobb 0.89%
Clayton 1.15%
Cherokee 0.82%

Georgia Homestead Exemption

Exemption Type Reduction
Standard Varies by county
Senior (65+) Additional exemption
School tax freeze Available in some counties
Disabled veteran Full exemption possible

Georgia counties have different exemption amounts — check locally.

Georgia Sales Tax

Rate Type Amount
State sales tax 4%
Local additions 2-4%
Total range 7-9%

Sales Tax by Area

Location Total Rate
Atlanta 8.9%
Fulton County (outside Atlanta) 7.75%
Gwinnett County 6%
Savannah 7%
Augusta 8%

Atlanta has one of the highest combined sales tax rates.

Georgia Tax Credits

Credit Amount
Low-income credit Up to $26
Child/Dependent credit $3,000 per
Adoption credit Varies
Qualified Education Expense Up to $1,000

Georgia 529 Tax Deduction

Filing Status Max Deduction
Single $4,000/beneficiary
Married Filing Jointly $8,000/beneficiary

Georgia offers one of the better 529 deductions in the Southeast.

Who Must File Georgia Taxes?

You must file if:

  • Georgia resident with federal filing requirement
  • Part-year resident with GA income exceeding threshold
  • Non-resident with Georgia source income

Filing Threshold

Filing Status Threshold
Single $14,700
Married Filing Jointly $29,400

Georgia Filing Options

Method Cost
Georgia Tax Center Free
Commercial software $0-$50
Tax professional $100-$300

Filing deadline: April 15

Georgia Capital Gains

Georgia taxes capital gains as ordinary income at the flat 5.39% rate. No exclusion or special treatment.

Gain Type State Rate
Short-term 5.39%
Long-term 5.39%

Georgia Local Income Tax

Georgia has no local income taxes. Only state income tax applies.

Moving to Georgia

Good for:

  • Retirees (up to $130,000 exclusion for 65+)
  • Those leaving high-tax states (NY, CA, NJ)
  • Those avoiding local income taxes
  • Moderate property tax burden

Consider:

  • Higher sales tax (7-9%)
  • Atlanta-area has higher effective costs
  • Income tax higher than FL, TN, TX (0%)

Georgia Business Taxes

Tax Rate
Corporate income tax 5.39%
Pass-through (LLC, S-Corp) Personal rate
Franchise tax None

Georgia has no franchise tax, benefiting businesses.

Georgia Tax Reform Impact

The 2022 tax reform brought:

  • Flat rate (eliminating brackets)
  • Higher standard deduction
  • Phase-in to 4.99% by 2029
  • Simplified filing

Bottom Line

Georgia has a flat 5.39% income tax declining to 4.99% by 2029. The $12,000-$24,000 standard deduction plus exemptions reduce effective rates. Retirees benefit from excluding up to $65,000-$130,000 of retirement income at age 65+. Property taxes (0.87%) are below average, though sales taxes (7-9%) are higher. Georgia is moderately tax-friendly but can’t compete with neighboring Florida or Tennessee’s zero income tax.

Tags: