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This publication provides a comprehensive overview of state and local taxes in Georgia, including tax rates, exemptions, revenue production, and comparisons with other states.
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Georgia has various taxes including income tax, sales tax, property tax, and corporate tax. The income tax rates are progressive, starting at 1% and going up to 5.75% depending on income levels.
Residents of Georgia who earn above a certain income threshold are required to file state taxes. Non-residents with income sourced from Georgia are also required to file.
To fill out Georgia's state tax return, you will need to gather all relevant financial documents, complete the Georgia Form 500 and any necessary schedules, and submit it either electronically or by mail along with any payment due.
The purpose of Georgia's taxes is to fund various state services and programs such as education, healthcare, transportation, and public safety.
On Georgia's tax returns, individuals must report income, deductions, credits, and other relevant financial information to determine their tax liability.
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