Georgia Paycheck Calculator

What is Georgia's income tax rate in 2024?

Georgia has a flat 5.49% income tax rate effective January 1, 2024. This replaced the prior progressive rate structure (2%–5.75%). The flat rate applies after a standard deduction of $5,400 (single) or $7,100 (MFJ). The rate will phase down annually: 5.39% in 2025, reaching 4.99% by 2029, provided revenue triggers are met.

Is Georgia a good state for taxes?

Georgia is middle-of-the-pack. The 5.49% flat rate is higher than Florida/Texas (0%), but lower than California (top 13.3%) and New York (up to 10.9%). Georgia doesn't tax Social Security income, offers generous retirement income exclusions ($65K single, $130K MFJ for age 65+), and has moderate property taxes (~0.91% avg). The phase-down path to 4.99% will improve competitiveness.

Does Georgia tax Social Security?

No — Georgia does not tax Social Security benefits. Additionally, Georgia allows taxpayers 62 and older to exclude up to $35,000 of income from GA tax (including retirement income), and those 65+ can exclude up to $65,000 each ($130,000 MFJ). This makes Georgia significantly more retirement-friendly than the flat rate alone suggests.

How does Georgia's tax rate compare to neighboring states?

Southeast comparison: Florida (0%), Tennessee (0% on wages), South Carolina (3–6.5%), Alabama (2–5%), North Carolina (flat 4.75%), Georgia (5.49%). Georgia is higher than most neighbors but is cutting rates aggressively. The flat structure (vs. progressive) primarily helps higher earners who previously faced the 5.75% top bracket.