Georgia Tax Relief Information

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Residents of the Peach State are required to pay state taxes for individual and corporate income. However, there are some laws that assist taxpayers, like the Georgia State Income Tax Cut of 2022, along with other tax refunds.

If you’re filing taxes in Georgia, our team at BC Tax can help. We aim to lessen the complexity of tax processes. Our experts work hard to find tax relief plans that work for you.

The Georgia State Income Tax Cut of 2022

Brian Kemp, the Georgia governor, signed HB 1437 into law on April 26, 2022. This law gives Georgia residents a flat tax rate instead of the graduated personal income tax rate of past years. This new rate of 5.49% began January 1, 2024, and it is lower than the highest tier of the previous graduated tax rate.

Beyond switching to a flat income tax rate and lowering the tax rate for 2024, the law aims to continue reducing the tax rate each year until it reaches 4.99%. The current tax rate schedule says the tax rate will reach 4.99% in 2029. This income tax cut is the largest in Georgia’s history and will save many Georgia residents hundreds on their income taxes.

The Georgia Surplus Tax Refund

Beyond lowering the income tax rate, Georgia offers other state tax refunds and policies to save taxpayers money. The Georgia Surplus Tax Refund gives a one-time tax credit to taxpayers who filed returns for both 2021 and 2022. Georgia residents, part-year residents or nonresidents can receive this refund if they had tax liabilities in 2021.

This state of Georgia tax refund is a maximum of $250 for single or married filing separately. Heads of households can get up to $375 and married filing jointly can get up to $500.

Other Georgia Tax Information

The Georgia individual income tax rate for the 2024 tax year will be a flat rate of 5.49%. Any previous tax years have a bracketed system with six state income tax rates: 1%, 2%, 3%, 4%, 5% and 5.75%. Your rate will vary based on your taxable income and your filing status.

Georgia also has corporate income and net worth taxes. The taxation rate for corporate income tax is 5.75% of a corporation’s Georgia taxable net income. Corporations may need to pay a net worth tax if their net worth is $100,000 or more.

Our Expertise and Support

At BC Tax, we work with many Georgia clients like you to understand the state’s income tax regulations, especially programs and laws that benefit you, like the Georgia State Income Tax Cut and the Georgia Surplus Tax Refund. Our business experts and financial consultants bring years of experience negotiating with the IRS for the best tax resolutions possible. We aim to create a sense of trust among those who seek our help. We’ll work toward solutions you feel comfortable with.

Work With the Nation’s Top Tax Resolution Experts

With us, you can open the way for numerous potential tax relief options in Georgia. Reach out to our capable team online or call 800-548-4639 for assistance navigating the tax landscape.

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Freida Castro
05:31 16 Dec 24
Disappointed with BC Tax. I worked with them for almost 4 years on and off and spent almost $20k total and my tax issues remain unsolved.Megan, who was supposed to handle my case, never seemed to have time to address my concerns or provide updates. I would call her numerous times, send multiple emails and all i get is a phone call from her personal assistant Paula saying Megan is busy and waiting for the IRS to call us back. And when she would get on the phone every 60 days or more she sound annoyed. She later tells me she has a very stressful job dealing with the IRS and during her lunch breaks she needs time to work out, she would usually call me at the end of the day that’s impossible for me to call them back because they all left already. My grandmother passed away from Thailand and she couldn’t even help me to get my passport on time that i missed the whole funeral. Then she wouldn’t give me a fix price at the end saying i have to pay almost $4k to get my passport and more money to get a resolution, this is her personal assistant again calling me to pay. I expected much better treatment ,communication , and results for the price I paid. I wouldn’t recommend their services at all. Lastly, she was calling the new IRS assigned on my case but the number she has is not even correct. Unbelievable. Use other company but BC Tax.
Jennifer Creech
20:54 02 Dec 24
I’ve never felt like a lawyer could b a good person. Untill I met Dan!! Not only did he comfort my worries, but he was 100% straightforward and honest about everything. It was so refreshing to have a lawyer who truly cares about your situation your family and your results. I would recommend him over and over and over again thanks Dan!
Amanda Soto
22:17 05 Nov 24
My life was over….Well let me start from the disaster. The state refused to work with my small restaurant business to get on a payment plan. They froze my accounts, seized all my money and property and finally closed my doors. I had no idea what to do. It was literally over. This restaurant is my life. It supports my family and community. Then I answered the phone one day randomly. Daniel has become my life saver. Although I didn’t need to use their services, Dan still talked to me and became a really good friend. This company will go above and beyond for you even if you don’t work with them! Daniel sat on calls with me for hours and days just listening to me cry. We talked and worked thru some things and with his help I gained the confidence to dig myself out of this hole. We finally re opened and we are going strong again! He’s a lifelong friend and I would highly recommend this company for any tax needs! These are the real ones here.
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