Tax rate used in calculating Georgia state tax for year 2024 | State Abbreviation:
| GA | | State Tax Withholding
State Code: | 13 | | Acceptable Exemption
Form: | G-4 or W-4 | | Basis For Withholding:
| State Exemptions | | Acceptable Exemption
Data: | S, M, N, H / Number of Exemptions | | TSP Deferred: | Yes | | Special Coding: | Determine the Total Number
Of Allowances field as follows: First
Position - S = Single; H = Head of Household; M = Married,
Filing Joint Return-One Spouse Working; N = Married, Filing
Separate Returns or Joint Return-Both Spouses Working. Second
and Third Positions - Enter the total number of allowances
claimed. If less than 10, precede with a zero. | | Additional Information:
| None | Withholding Formula (Georgia Effective 2024) - Subtract the biweekly Thrift Savings Plan contribution from the gross
biweekly wages.
- Subtract the nontaxable biweekly Federal Health Benefits Plan payment
from the amount computed in step 1.
- Add the taxable biweekly fringe benefits (taxable life insurance,
etc.) to the amount computed in step 2 to obtain the adjusted gross
biweekly wages.
- Multiply the adjusted gross biweekly wages by 26 to obtain the annual
wages.
- Determine the standard deduction by applying the following guideline
and subtract this amount from the annual wages.
| Single-S
or
Head of Household-H | Married-N
(Filing Separately or
Joint Return - Both Spouses Working) | Married-M
(Filing Joint Return -
One Spouse Working) | | $ 12,000 | $ 12,000 | $ 24,000 | - Determine the dependent exemption allowance by applying the following
guideline and subtract this amount from the result of step 6.
Dependent Exemption Allowance = $3,000
x Number of Dependents - Apply taxable income computed in step 7 to the following table to determine
the annual Georgia tax withholding.
| Tax Withholding Table
All | | If the Amount of
Taxable Income Is: | The Amount of Georgia
Tax Withholding Should Be: | | Over: | But Not
Over: | | Of Excess
Over: | | $ 0 | and over | $ 0.00 | plus | 5.49% | $ 0 | - Divide the annual Georgia tax withholding by 26 to obtain the biweekly
Georgia tax withholding.
|