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Georgia Free Printable IT-511 Individual Income Tax 500 and 500EZ Forms and General Instructions for 2024 Georgia Individual Income Tax Booklet

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Individual Income Tax Booklet
IT-511 Individual Income Tax 500 and 500EZ Forms and General Instructions

IT 511 Rev. 12.06.23 Frank M. O'Connell Revenue Commissioner Brian P. Kemp Governor Georgia Department of Revenue 2023 Individual Income Tax 500 and 500EZ Forms and General Instructions due s n r 4 retu 5, 202 x a 1 T il Apr ELECTRONIC FILING WHAT'S INSIDE? Filing Requirements..............................................................9 Form 500 Instructions.....................................................11-13 Form 500 Net Operating Loss Instructions.........................20 Free Electronic Filing ...........................................................4 General Information...........................................................7-8  Georgia Tax Center..............................................................2 free! Low Income Tax Credit Worksheet.....................................25  Receive your refund by direct deposit! Mailing Addresses................................................................5  File fast and securely from your home PC! Message from Commissioner O'Connell.........................1 Other State's Tax Credit Worksheet.................................. 24 ON-LINE PAYMENTS Part-year Resident and Nonresident Instructions.........18-19 Payment Options.................................................................4 Penalty and Interest.............................................................7 Requesting an Extension to File..........................................7 Retirement Income Exclusion ...........................................17 Return Filing Tips.................................................................6 Schedule For Estimating Georgia Income Taxes.............. 25 Tax Credits.....................................................................26-28 Tax Rate Schedule..............................................................59 Taxpayer's Assistance..........................................................3 Tax Tables......................................................................63-65 What's New..........................................................................7 Where's My Refund..............................................................4 The Georgia Department of Revenue accepts Visa, American Express, MasterCard, and Discover credit cards for payment of: √ Current-year and prior-year individual tax payments √ Liabilities on Department of Revenue-issued assessment notices √ Individual estimated tax payments √ Note: a convenience fee will be charged by the provider Follow us on Facebook Forms in tax booklet: Form 500, Form 500EZ, and Form IND-CR and X formerly Twitter  Check refund status  Make payments  See page 2 for more information on GTC Visit dor.georgia.gov for more information about these and other topics of interest. FROM THE COMMISSIONER Did you know that by registering an account with the Department of Revenue’s Georgia Tax Center (GTC), you can sign up to receive notifications when any activity takes place on your account? These notifications help you closely monitor your tax status and help combat fraudulent activity. Visit gtc.dor.ga.gov to register. For assistance, you may visit our self-service instructional videos at http://dor.georgia.gov/georgia-tax-center-help/how-videos. Did you also know that taxpayers who file their returns electronically and have their refunds directly deposited into their bank accounts receive their refunds much more quickly than those who filed a paper return? If you have been considering electronic filing, some of the benefits include: □ Faster and more accurate processing □ Receiving your refund by mail or direct deposit □ The ability to file from your home PC or have your taxes prepared by a professional electronic return originator □ Elimination of mailing paper returns The Department of Revenue encourages taxpayers to take time to review and adjust their Georgia income tax withholding if they received a substantial refund last year. By reducing withholding amounts, taxpayers have immediate use of their earnings, and will not have to wait until the following year to get their money. Please use the Form G-4 (or G-4P if you are receiving a pension) to determine your withholding allowances. These forms can be found on the Department’s website at dor.georgia.gov. If you file electronically and need to make a payment, you may pay by electronic check using the Georgia Tax Center. Visit gtc.dor.ga.gov or visit our self-service instructional videos at http://dor.georgia.gov/georgia-tax-center-help/how-videos. For additional information contact the Taxpayer Customer Contact Center at 1-877-423-6711. The Department of Revenue, as outlined in the Taxpayer Bill of Rights, will provide “fair, courteous and timely service” to the taxpayers of Georgia. We have implemented several initiatives to ensure we uphold that standard. Our mission is to administer the tax laws of the state of Georgia fairly and efficiently in order to promote public confidence and compliance while providing excellent customer service. Visit https://dor.georgia.gov/taxpayer-bill-rights to view a copy of the Taxpayer Bill of Rights. Frank M. O'Connell Revenue Commissioner Page 1 Individual Income Tax Online Services What is the Georgia Tax Center? The Georgia Tax Center (GTC) is the Department of Revenue’s secure self-service customer facing portal for making online Individual or Business Tax payments and for corresponding with the Department of Revenue. Who Can Sign Up for GTC? Any individual who has filed an Individual Income Tax Return or would like to submit a Georgia estimated tax payment is eligible to use GTC. GTC Features You will be able to do the following without a GTC login: • Check refund status • Make quick payments (estimated tax payments or assessment payments) • Protest proposed assessments • Request penalty waivers • Submit additional documentation A login is required to do the following: • Receive notification when a return is filed with your Social Security Number (SSN) or a refund has been issued • Request an Installment Plan Agreement (IPA) • Request an Offer in Compromise (OIC) • Submit a Power of Attorney (POA) • View your 1099-G electronically • View account balance • Make payments • Perform general account maintenance - address change, preapproval of credits, view credits, etc. How Do I Sign Up? To use GTC, visit our website at https://gtc.dor.ga.gov First time users must register before accessing tax accounts. To register, you will need: • • • Social Security Number (SSN) Federal Adjusted Gross Income (Federal AGI) from the most recent return filed in the State of Georgia A valid e-mail address Note: Third party filers can sign up for GTC to access their clients information with the proper documentation and authorization. For more information see: https://dor.georgia.gov/taxes/information-tax-professionals/third-party-filers Please visit our website to sign up for access to GTC, find helpful links, instructions, and how to videos: dor.georgia.gov/georgia-tax-center-help Page 2 Taxpayer's Assistance and Resources Find us on the web by going to dor.georgia.gov • • • • • Download Tax Forms Find Answers to Frequently Asked Questions Access Where's My Refund View the Taxpayer Bill of Rights Find Georgia Regulations Customer Contact Center: 1-877-423-6711 https://dor.georgia.gov/taxes/taxes-individuals Get help with: • Refunds • Billing • Web Access Helpful Resources and Services • Volunteer Income Tax Assistance (VITA) - dor.georgia.gov/need-help-your-taxes or call 1-800-906-9887 • Free File Alliance visit dor.georgia.gov/free-file-alliance • AARP - Senior citizens 1-888-AARPNOW (1-888-227-7669) from February 1 to April 15 • Georgia Relay - Deaf and hard of hearing taxpayers (TDD) visit georgiarelay.org Federal Tax Changes/Conformity, Legislation, and other Policy Information Visit dor.georgia.gov/taxes/tax-rules-and-policies for more information on: • • • Federal Tax Changes/Conformity with Federal Changes Regulations Rules and Policies For legislative information see: dor.georgia.gov/about-department-revenue/office-generalcounsel/ legislation-summaries. Georgia did not adopt the revised net operating loss provisions in the 2020 CARES Act and the modification to the Code Section 461(l) limitation in the 2020 CARES Act and the American Rescue Plan Act of 2021. • For losses incurred in taxable years beginning on or after January 1, 2018, there is an 80% limitation on the usage of net operating losses (the 80% limitation is based on Georgia taxable net income). • The I.R.C. Section 461(l) adjustment (limitation on losses for noncorporate taxpayers) is required in the same manner as was required before the CARES Act. • For more information on Georgia's treatment of the Cares Act, see https://dor.georgia.gov/rules-policies/income-tax/income-tax-federal-tax-changes Page 3 Where's My Refund? FREE Check the status of your refund online at gtc.dor.ga.gov or by calling 1-877-423-6711. ELECTRONIC FILING The Department of Revenue has partnered with certain software companies to offer free and/or low cost on-line filing services to Georgia taxpayers under the Free File Alliance Program. Under this agreement, qualified taxpayers can prepare and file their Georgia individual income tax returns for free or a low cost using approved software. Each software company has income limitations and other restrictions for their free services. Please review each company’s offer before selecting a product. For more information, visit our website at dor.georgia.gov/free-file-alliance. If you do not qualify for free electronic services, you may file electronically using software produced by an approved software listed on our website dor.georgia.gov/approved-software-vendors. Volunteer Income Tax Assistance (VITA) The VITA program was established by the IRS to assist qualified individuals with free electronic tax preparation services. Assistance is geared towards individuals with low to moderate income (less than $55,000 per year). The preparers are IRS-certified and can prepare basic income tax returns. There are several VITA locations in the metro area and throughout Georgia. For more information visit our website at dor.georgia.gov/need-help-your-taxes. 2-D Barcode Please allow 12 weeks to receive refunds. The Department is taking additional fraud prevention measures to ensure tax refunds are issued to the correct individuals. You will receive your refund via paper check if you are a first time Georgia filer or if you have not filed your taxes in five or more years. This applies for both electronic and paper return filers. Note: A claim for refund must be made within three (3) years from the later of the date the tax was paid or the due date of the return, including extensions. Payment Options GTC accepts individual income and estimated tax payments. For information about GTC, visit our website at gtc.dor.ga.gov or visit our self-service instructional videos at dor.georgia.gov/georgia-tax-center-help. The Georgia Department of Revenue accepts Visa, American Express, MasterCard, and Discover credit cards as payment for current year individual income tax due on original Forms 500, 500EZ, and 500ES, as well as for liabilities presented to taxpayers via Georgia Department of Revenue assessment notices. Credit card payments can be made online. There is a convenience fee for this service that is paid directly to the credit card processing company. For more information on payments, visit our website at dor. georgia.gov/credit-card-payments or contact the Taxpayer Services Customer Contact Center at 1-877-423-6711. Installment Payment Agreement. You must meet the following criteria for an installment payment agreement:  Returns for all years must be filed  Agreements are up to 60 months  Payments should be made through automatic debit from your bank account The two-dimensional (2D) barcode that appears on your return is the encoded information you entered on your return. This barcode reduces errors and saves time in processing the return. The 2D barcode is only visible after your return has been printed. Note: There is a set up cost associated with initiating an Installment Payment Agreement. Installment payment requests may be submitted online via the Georgia Tax Center (GTC) at gtc.dor.ga.gov. Please contact the Installment Payment Agreement Section at 404-417-2122 or via e-mail to payment.plan@ dor.ga.gov to determine eligibility. For more information on Installment Payment Agreements, visit our website at https://dor.georgia.gov/installment-agreements-faq. Page 4 Note: Sending your return by certified mail delays the processing of your return and your refund. Mailing Address Tax Returns Form 500 without payment: Form 500 with payment: PROCESSING CENTER PROCESSING CENTER GEORGIA DEPARTMENT OF REVENUE GEORGIA DEPARTMENT OF REVENUE PO BOX 740380 PO BOX 740399 ATLANTA GA 30374-0380 ATLANTA GA 30374-0399 Form 500X Amended: PROCESSING CENTER GEORGIA DEPARTMENT OF REVENUE PO BOX 740318 ATLANTA GA 30374-0318 _______________________________________________________________________________________ Payments without Return Form 500-ES Individual Estimate Tax Voucher PROCESSING CENTER GEORGIA DEPARTMENT OF REVENUE PO BOX 740319 ATLANTA GA 30374-0319 Form 525-TV Payment Voucher Note: If you filed electronically and are making a payment by check PROCESSING CENTER GEORGIA DEPARTMENT OF REVENUE PO BOX 740323 ATLANTA GA 30374-0323 Form IT-560 Extension Payment Voucher PROCESSING CENTER GEORGIA DEPARTMENT OF REVENUE PO BOX 105198 ATLANTA GA 30348-5198 Page 5 Filing Checklist  Have you considered filing your return electronically? It is safe and convenient to file electronically. For more information, visit dor.georgia.gov/why-should-i-file-electronically  Checked that the Social Security Number(s) on the return are accurate and complete  Added all the dependents' information, if applicable  Checked math and calculations  Amounts are rounded to the nearest dollar  Correctly calculated the tax amount using the Tax Rate Schedule  Completed the Income Statement Detail section where Georgia income tax was withheld on Forms W-2s, 1099s, G2-RPs, G2-LPs, G2-As, and/or G2-FLs. Attached/included the forms with my returns.  Signed and dated the return  Both spouses signed the joint return, even if only one spouse earned the income  Note: Anyone paid to prepare the return must also sign the return  Completed and included all schedules and IND-CRs that are applicable  Note: Schedule 2 credits must be filed electronically  Mailed the return to the correct address Dos and Don'ts For Filing Paper Returns Do  Do include your W-2(s), 1099(s), GR-2P(s) and other supporting income statements  Do complete the Income Statement Details section for Georgia tax withheld  Paper Filing: Do send your return, check/money order, and 525-TV voucher to the address on the return  Do use GTC or the Form IT-560 to make an extension payment  Do make your check or money order payable to the Georgia Department of Revenue Don't  Do not include cents on your return. Round to the nearest dollar.  Do not staple your W-2(s), 1099(s) and other forms to your return  Do not use the Form 500 to correct a previously filed return - Use Form 500X Note: Sending your return by certified mail delays the processing of your return and your refund. Page 6 What's New GENERAL INFORMATION  New Tax Credits: Qualified Foster Child Donation and Qualified Law Enforcement credit. See Tax Summary for more details dor.georgia.gov/tax-creditsummaries Extension to File. The Georgia return must be filed along with a copy of Federal Form 4868 or the IRS confirmation letter on or before the extended Federal due date. If you do not need a Federal extension, you may use Georgia Form IT-303 to request an extension to file your Georgia return.  New Charitable Contribution: Disabled Veterans' Scholarship Fund: See Checkoff Georgia page for more details. An extension to file does not extend the date for paying the tax. Taxes must be paid by the statutory due date to avoid late payment penalty and interest. The amount paid should be entered on Form 500, Line 25.  Revised Dependent Section: The dependent section of the form has been updated to include the unborn dependent exemption on Line 7b. Note: There are certain requirements for claiming the unborn dependent. See page 11 for more details on claiming the unborn dependent. Amended Returns. File Form 500X to correct information reported on Form 500. Do not use Form 500 to correct a previously filed return or use Form 500X as an original return.  Depreciation Adjustment: Schedule 1, Lines 3 and 11 have been updated to show the difference in depreciation adjustments between Georgia and Federal law.  Organ Donation Expenses Deduction Increase: For tax years beginning on or after January 1, 2023, the maximum deduction for unreimbursed travel expenses, lodging expenses, and lost wages incurred as a direct result of an organ donation is now $25,000.  Net Operating Loss- New Schedule 4: Beginning in tax year 2023, the Net Operating loss is included in the Form 500/500X as Schedule 4.The standalone form 500-NOL should only be used for years prior to tax year 2023.  Qualified Education Expense and Qualified Rural Hospital Expense Tax: These credits have been revised, for more information, see https://dor.georgia. gov/tax-credit-summaries.  2024 Income Tax Changes: Effective January 1, 2024, the income tax rate will be 5.49%. Additionally, personal exemptions have been repealed except for the $3,000 dependent exemption. Finally, Georgia standard deductions have increased to $24,000 for Married Filing Joint returns and $12,000 for Single, Head of Household, and Married Filing Separate returns. The Department encourages taxpayers to review their estimated tax payments and wage withholdings for 2024. When to File. Calendar year taxpayers are required to file on or before April 15, 2024. Fiscal year taxpayers must file on or before the 15th day of the fourth month after the close of their taxable year. When Electronic Filing is Required. Electronic filling is required for the following:  Taxpayers that remit payments by electronic funds transfer, whether on a mandatory or voluntary basis, must file all associated returns electronically.  A return preparer who prepares an income tax return, must electronically file the return, when the federal counterpart of such return is required to be filed electronically pursuant to the Internal Revenue Code of 1986 or Internal Revenue Service regulations.  Also, a return is required to be electronically filed if the return generates, allocates, claims, utilizes, or includes in any manner a series 100 tax credit. (see page 26) Penalty and Interest. Tax not paid by the statutory due date of the return is subject to interest and ½ of 1 percent late payment penalty per month, or fraction thereof. Also, a monthly late filing penalty is imposed at a rate of 5 percent of the tax not paid by the original due date. Interest accrues until the tax due has been paid in full. The combined total of late filing and late payment penalty cannot exceed 25 percent of the tax not paid by the original due date. An extension of time for filing the return does not extend the date for making the payment. Additional penalties may apply as follows:  Frivolous Return Penalty - $1,000. (A frivolous return is one that contains incorrect or insufficient information necessary to accurately compute the appropriate tax liability with the intent to delay or impede Georgia tax law or is based on a frivolous position.)  Negligent Underpayment Penalty - 5 percent of the underpaid amount. Page 7 GENERAL INFORMATION  Fraudulent Underpayment Penalty - 50 percent of the underpaid amount.  Failure to File Estimated Tax Penalty - 9 percent per year for the period of underpayment. Use Form 500 UET to calculate the penalty. Interest that accrues beginning July 1, 2016 accrues at an annual rate equal to the Federal Reserve prime rate plus 3 percent. The interest rate will be reviewed and may be adjusted in January of each subsequent calendar year. For more information on Penalties and Interest, see: https://dor.georgia.gov/penalty-and-interest-rates Assessments. If your return is reviewed and it is determined that you owe additional taxes, generally, you will be issued a Proposed Assessment. Once a Proposed Assessment is issued, you have 30 days to submit a protest on the Georgia Tax Center (GTC) website. After 30 days, the Department will issue an Official Assessment and Demand for Payment. You then have 30 days to file an appeal with either the Georgia Tax Tribunal or in the appropriate Superior Court. For more information and rights as a taxpayer, see the Taxpayer Bill of Rights on the Department’s website at dor.georgia.gov. Supporting Documents. We will request information to support the amounts listed on your Georgia income tax return and related schedules when necessary. However, in addition to withholding statements (W-2s,1099s, G2-RPs, etc.) where taxes were withheld you must include the following documentation with your Georgia return when it is filed for the following situations:  The amount on Form 500, Line 8 is $40,000 or more, or less than the total income on your W-2(s) - submit a copy of Pages 1, 2, and Schedule 1 of your Federal return (the Federal Schedule 1 must be included if a copy was submitted with your federal return).  You itemize deductions - submit a copy of Federal Form 1040 Schedule A.  You claim the Georgia child and dependent care expense credit - submit the appropriate Federal child care credit schedule.  You claim a credit for taxes paid to another state(s)submit a copy of your return filed with the other state(s). Address Changes. You must notify the Department of your address change. Notification of an address change can be made through GTC inside a logon, or by calling 1-877-423-6711 or writing the new address on your tax return and checking the address change box. Name Changes. The Department currently requires a copy of one of the following documents plus a copy of a photo ID reflecting name change. A legal document reflecting the name change: • Superior Court order/decree/certificate • Marriage Certificate/Divorce decree • Social Security Card Valid photo ID issued reflecting name change: US State issued ID card (front and back) • • US Passport These documents should be submitted with your tax return. Innocent Spouse Relief. Individuals who were granted innocent spouse relief by the Internal Revenue Service may be eligible for relief from liability for Georgia tax, interest and penalty. Individual Retirement Accounts. The provisions concerning taxability and conversion from a traditional IRA to a Roth IRA are the same for Georgia and the Internal Revenue Service. Withholding on Lump-sum Distributions. The payee of any non-periodic payment may elect to have withholding made on the non-periodic distributions from a pension, annuity, or similar fund. The election shall remain in effect until revoked by the payee. See Form G-4P for more information. Income from Partnerships and S Corporations. Nonresident partners must pay Georgia income tax on their portion of the partnership’s Georgia income. Nonresident shareholders must pay Georgia income tax on their portion of the S Corporation's Georgia income; resident shareholders and partners must report their total S Corporation or partnership income (but may be eligible for the credit for taxes paid to other states or a subtraction when the income is taxed at the entity level in Georgia or another state). Federal Audits. Whenever a Federal audit or other Federal adjustment results in a change in net income for any year, you are required to furnish under separate cover, within 180 days, a schedule reflecting all changes. Please include the schedule when you file Form 500X. Additionally, if the changes result in a refund, the refund must be claimed within one year of the Page 8 FILING REQUIREMENTS 7. One 65 or over, and both blind..............$18,400 8. Both 65 or over, and blind.....................$ 19,700 C. Married Filing Separate 1. Under 65, not blind................................$ 7,250 2. Under 65, and blind...............................$ 8,550 3. 65 or over, not blind...............................$ 8,550 4. 65 or over, and blind..............................$9,850 date the changes are submitted. If you do not submit a return reflecting all changes and the Commissioner receives this information in a report from the United States Government, the Commissioner will issue an assessment for tax due within five years from the date the report is received from the United States Government. A taxpayer who fails to notify the Commissioner within 180 days forfeits any Georgia refund as a result of an IRS audit if the normal statute of limitations has expired. However, 90 percent of any overpayment can be applied to a balance due for another year that is a result of the same IRS audit. Withholding on Nonresidents. Withholding is required on the members' share of the taxable income sourced to this state, whether distributed or not, from Partnerships, Limited Liability Companies and S Corporations. Withholding should be reported on Form G2-A and entered on Form 500, Line 24. Include a copy of Form G2-A with your return. Withholding is also required on the sale or transfer of real property and associated tangible personal property by nonresidents of Georgia. Tax withheld is reported on Form G2-RP and should be entered on Form 500, Line 24. Include a copy of Form G2-RP with your return. Full-year Residents Full-year residents are taxed on all income, except tax exempt income, regardless of the source or where derived. You are required to file a Georgia income tax return if: These requirements apply as long as your legal residence is Georgia, even if you are absent from or live outside the State temporarily. A credit for taxes paid to another state is allowed. See the worksheet on page 24 for more information. Part-year and Nonresidents 1. Part-year residents and nonresidents who work in Georgia or receive income from Georgia sources are required to file Georgia Form 500 and complete Form 500 Schedule 3 to calculate Georgia taxable income. Note: Form 500 Schedule 3 should only be attached if it is applicable. 2. Married part-year residents with income earned in Georgia whose spouse is a nonresident can file a separate return claiming their own allowable exemptions, dependents and deductions, or file a joint return. 3. If one spouse is a resident and one is a part-year resident or nonresident, enter 3 in the residency status box and complete Form 500, Schedule 3 to calculate Georgia taxable income. Part-year Residents 1. If you are a legal resident of Georgia for only a portion of the tax year and are required to file a Federal income tax return, you are required to file a Georgia income tax return.  You are required to file a Federal income tax return;  You have income subject to Georgia income tax that is not subject to Federal income tax;  Your income exceeds the standard deduction and personal exemptions as indicated below: A. Single, Head of Household or Qualifying Surviving Spouse 1. Under 65, not blind.................................$ 8,100 2. Under 65, and blind................................$ 9,400 3. 65 or over, not blind................................$ 9,400 4. 65 or over, and blind.............................$ 10,700 B. Married Filing Joint 1. Both under 65, not blind........................$ 14,500 2. One 65 or over, not blind.......................$15,800 3. Both under 65, both blind......................$ 17,100 4. Both under 65, one blind.......................$ 15,800 5. Both 65 or over, not blind......................$ 17,100 6. One 65 or over, and blind......................$17,100 2. Part-year residents who claim a credit for taxes paid to another state for income earned while a resident must include a copy of the individual income tax return filed with that state(s) with their Georgia return. Otherwise the credit will not be allowed. Nonresidents 1. Nonresidents who work in Georgia or receive income from Georgia sources and are required to file a Federal return are required to file a Georgia income tax return. 2. Legal residents of other states are not required to file a Georgia tax return if their only activity for financial gain or profit in Georgia consists of performing services for an employer as an employee where the wages for such services does not exceed the lesser of five percent of the income received from performing services in all places during the taxable year or $5,000. 3. A nonresident, who receives deferred compensation or income from the exercise of stock options that were earned in Georgia in a prior year's required to pay tax on the income, but only if the prior year’s income exceeds the lesser of: 5 percent of the income received by the person in all places during the Page 9 FILING REQUIREMENTS current taxable year; or $5,000. However, the income is not taxed if federal law prohibits the state from taxing it. Federal law prohibits state taxation of some types of retirement income including pensions as well as income received from nonqualified deferred compensation plans if the income is paid out over the life expectancy of the person or at least 10 years. See Regulation 560-7-4-.05 for more information. Taxpayers Required to File Form 1040NR Individuals who are required to file Federal Form 1040NR must file Georgia Form 500. Similar to Federal income tax rules, most of these Georgia taxpayers are only allowed to deduct the applicable Georgia personal exemption and expenses reflected on Form 1040NR. Most taxpayers are not allowed to take the standard deduction and are allowed only limited itemized deductions as shown on Form 1040NR, Schedule A. Military Personnel Military personnel who are legal residents of Georgia are subject to Georgia income tax on all income regardless of the source or where earned, unless specifically exempt by Georgia law. Military personnel who serve outside of the continental U.S. may file t heir G eorgia i ncome t ax return within six months after they come back to the continental U.S. No penalties or interest will accrue during this period. Members of the National Guard or Air National Guard who are on active duty for a period of more than 90 consecutive days are allowed a tax credit against their individual income tax. The credit cannot exceed the amount expended for qualified life insurance premiums or the taxpayer's income tax liability and should be claimed on Form IND-CR 203. Nonresidents. Military person who are not legal residents of Georgia are only required to file a Georgia income tax return if the person earns income during their off duty hours from sources in Georgia or if the person has income from property located in Georgia or the person receives business income from Georgia sources. If required, nonresident military personnel should file Georgia Form 500 and use Schedule 3 to calculate Georgia taxable income. (See pages 18-19 for instructions on completing Schedule 3.) Spouses of Military Personnel. A spouse of a military person shall neither lose or acquire their legal residence solely to be with the military person serving in compliance with military orders but this provision only applies if the legal residence of the spouse is the same as the military person or the spouse of a military person has elected to use the same residence for purposes of taxation as the military person. Income for services performed by the spouse of a military person shall not be considered Georgia income if the military person is not a legal resident of Georgia but this only applies if the spouse is in Georgia solely to be with the military person serving in compliance with military orders and the legal residence of the spouse is the same as the military person or the spouse of a military person has elected to use the same residence for purposes of taxation as the military person. The affected taxpayer should exclude the income on Schedule 3, Column C, Line 7 of the Form 500. No amounts should be entered on Schedule 3, Column A, Line 7 of Georgia Form 500. Combat Zone Pay Military income earned by a member of the National Guard or any reserve component of the armed services while stationed in a combat zone or stationed in defense of the borders of the United States pursuant to military orders is not subject to Georgia income tax. The exclusion from income is only with respect to military income earned during the period covered by such military orders. A copy of the Federal return must be enclosed with the Georgia return to claim this exclusion. The exclusion is limited to the amount included in Federal Adjusted Gross Income. Estimated Tax Estimated tax is required for each individual subject to Georgia income tax who reasonably expects to have gross income during the year which exceeds (1) personal exemption, plus (2) credits for dependents, plus (3) estimated deductions, plus (4) $1,000 of income not subject to withholding. Estimated tax required from persons not regarded as farmers or fishermen shall be filed on or before April 15 of the taxable year, except if the estimated tax requirements are first met on or after April 1 and before June 1, estimated tax must be filed by June 15; on or after June 1 but before September 1, by September 15; and on or after September 1, by January 15 of the following year. Individuals filing on a fiscal year basis ending after December 31 must file on corresponding dates. Other State’s Tax Return If you claim a credit for taxes paid to another state(s), you must include a copy of your return filed with that state along with your Georgia return. No credit for taxes paid to another state will be allowed unless the other state’s return is enclosed with the Georgia return. Filing for Dependents If the parent or guardian prepared the minor child or dependent’s return, the Department recommends that the parent or guardian check the box allowing the preparer to discuss the return with the Department. If this is not done and the parent did not sign the return on the child's behalf as allowed by IRS Publication 929, then the parent or guardian will have to be included on a Power of Attorney (Form RD-1061) prepared by the minor in order for the Department to discuss the return with the parent or guardian. Filing for Deceased Taxpayers The surviving spouse, administrator, or executor may file a return on behalf of a taxpayer who dies during the taxable year. When filing, use the same filing status that was used on the Federal income tax return. The due date for filing is the same as for Federal purposes. Note: To have a refund check in the name of a deceased taxpayer reissued, mail Georgia Form GA-5347, a copy of the death certificate, and the information specified on Georgia Form GA-5347 along with the check to the address on the form. Page 10 FORM 500 INSTRUCTIONS Include all completed schedules with your Georgia return. Complete your Federal return before starting your Georgia return. Your Federal return contains information that should be included on your Georgia return. Form 500 Instructions Lines 1 - 3: Print or type your name(s), address (including apartment number if applicable) and Social Security Number(s) in the spaces provided. Do not write both a street address and post office box in the address field. Line 4: Enter the appropriate number for your residency status.  1 - You lived in Georgia the entire year, regardless of temporary living arrangements.  2 - You lived in Georgia part of the year. Note: List the dates you lived in Georgia and you must complete Schedule 3 to calculate Georgia taxable income.  3 - You did not live in Georgia or if one spouse is a resident and one is a part-year resident or nonresident. Note: You must complete Schedule 3 to calculate Georgia taxable income. Line 5: Enter the appropriate letter for your filing status. Use the same status that is on your Federal return.  A - Single  B - Married Filing Joint;  C - Married Filing Separate;  D - Head of Household or Qualifying Surviving Spouse* *Use filing status D if your filing status is qualifying surviving spouse on your Federal return. Georgia recognizes same sex marriage. Exceptions:  If one spouse is a resident and the other is a nonresident without any Georgia-source income, your Georgia return may be filed jointly or separately with each spouse claiming the appropriate exemptions and deductions. Line 6a - 6b: Check the appropriate box  6a for yourself  6b if you claim your spouse and you file jointly. Line 6c: Enter the total number of exemption boxes checked. Lines 7a - c: Dependents  7a: Enter the total number of qualified dependents. Do not include yourself, your spouse, and/or dependent unborn children. Georgia follows the Federal rules for qualified dependents. If married filing separate, only one spouse may claim the dependent and the prior Federal rules (those when Federal exemptions for dependents) are used to determine who is entitled to claim the dependent.  7b: Enter the number of unborn dependents. Note: The Unborn Dependent Exemption cannot be claimed if the child is born during the same tax year. If the child is born during the tax year include that dependent on Line 7a. not 7b. For more information see https://dor.georgia.gov/life-act-guidance. Page 11  7c: Enter the total number of dependents. Add Line 7a and Line 7b for the total for 7c.  7d: List the requested information about your qualified dependents in the spaces provided. Do not include yourself, spouse and/or unborn dependents in this section. Line 8: Enter Federal adjusted gross income from Form 1040. Do not use Federal taxable income. Note: If the amount on Form 500, Line 8 is greater than $40,000 or less than the total income on your W-2s you must submit a copy of your Federal Form 1040 pages 1, 2 and Schedule 1. The Federal Schedule 1 must be included if a copy was submitted with your Federal return. Line 9: You must adjust your Federal adjusted gross income if you have income that is taxable by the Federal Government but not taxable to Georgia or vice versa. You must document your adjustments on Schedule 1 and enter the total amount here. There are certain adjustments that must be added if applicable and some adjustments that may be subtracted. Please see pages 14 - 16 for more information about additions and subtractions. Note: Part-year residents and nonresidents must skip Lines 9 -14 and follow the Schedule 3 instructions that begin on page 18. Line 10: Enter Georgia adjusted gross income (net total of Line 8 and Line 9). Lines 11a-c: Standard Deductions (Leave Lines 11ac blank if you itemize deductions) Note: If you use the standard deduction on your Federal return, you must use the Georgia standard deduction on your Georgia return. Line 11a: Enter the standard deduction that corresponds to your marital status.     Single/Head of Household/Qualifying Surviving Spouse............................ $5,400 Married Filing Separate................... $3,550 Married Filing Joint.......................... $7,100 Additional Deduction....................... $1,300 Line 11b: Enter any additional deductions on Line 11b. Note: The additional deduction applies if you and/or your spouse are age 65 or over and/or blind. Line 11c: Enter the total standard deduction on Line 11c. Lines 12a-c: Itemized Deduction (Leave Lines 12a-c blank if you use the standard deduction) FORM 500 INSTRUCTIONS (continued) Note: If you itemize deductions on your Federal return, or if you 3. Income before GA NOL (Line 15a of Form 500) are married filing separate and your spouse itemizes deductions, ____________ you must itemize deductions on your Georgia return. Include a 4. NOL from line 1 applied to current year copy of Federal Schedule A with your Georgia return. ____________ Line 12a: Enter the itemized deductions from your Federal 5. NOL from line 2 applied to current year (cannot exceed Schedule A. 80% of Line 3) ____________ Line 12b: Enter adjustments for income taxes other than 6. Total NOL applied - add Lines 4 and 5, also enter on Line G e o r g i a a n d i n v e s t m e n t i n t e r e s t e x p e n s e f o r t h e 15b of Form 500 ____________ production of income exempt from Georgia tax. Line 15c: Subtract Line 15b from Line 15a. Line 12c: Subtract Line 12b from Line 12a, enter total. Note: For all taxpayers (full year, part year, and nonresident), if state & local income taxes were limited on the federal return to $10,000 ($5,000 MFS), the following formula should be used to determine the disallowed other state income taxes: Other state income taxes divided by the total taxes on line 5d of Schedule A multiplied by the lesser of the amount on Line 5d of Schedule A or $10,000 ($5,000 if married filing separate). For part year and nonresidents on the Schedule 3, the same computation should be used in arriving at the amount of itemized deductions that would then be subject to proration using the part-year/nonresident income ratio on Form 500 Schedule 3 Line 9. Do not include state taxes paid by entities that pay income tax at the entity level. Line 16: Take the amount from Line 15c and use the Tax Rate Schedule starting on page 59 to determine your tax liability. Line 17: Complete the Low Income Credit Worksheet on page 25 to determine your credit amount. Enter the amount from Line 6 of the worksheet on the form. Note: You may claim the low income credit if your Federal adjusted gross income is less than $20,000 and you are not claimed or eligible to be claimed as a dependent on another taxpayer’s Federal or Georgia income tax return. Part-year residents may only claim the credit if they were residents at the end of the tax year. Taxpayers filing a separate return for a taxable year in which a joint return Line 13: Subtract Line 11c or 12c from Line 10, enter total. could have been filed can only claim the credit that would have been allowed had a joint return been filed. You cannot Lines 14a-c: Exemption and Dependent Totals Lines 14a: Multiply the number of exemptions on Line 6c by claim this credit if you are an inmate in a correctional the filing status totals listed below and enter the total. facility. This credit must be claimed on or before the end  $2,700 for filing status: A - Single or D - Head of Household of the 12th month following the close of the tax year. The credit cannot exceed the taxpayer’s income tax liability. or Qualifying Surviving Spouse  $3,700 for filing status: B - Married Filing Joint or C - Married Filing Separate Line 18: Enter the other state(s) tax credit used. If you paid tax to more than one state, use the total of the other state’s Line 14b: Multiply the number of dependents on Line 7c by income and the worksheet on page 24 to calculate the Other $3,000 and enter the total. State’s Tax Credit. Line 14c: Add Lines 14a and 14b. Note: You must include a copy of the return filed with Line 15a: Subtract Line 14c from Line 13 (or enter Schedule the other state(s) with your Georgia return or the credit 3, Line 14) to get your Georgia taxable income before Georgia will not be allowed. Net Operating Losses (NOLs). Line 19: Enter the amount of credits used from the last line of the IND-CR Summary Worksheet. The IND-CRs are located Line 15b: Georgia NOL Utilized Net operating losses (NOLs) for tax years 2018 and later that between Schedule 3 and Schedule 4 of the Form 500. You are applied to Georgia income cannot exceed 80% of Georgia must include any include any applicable IND-CR forms when income before NOLs. Use the following worksheet to compute submitting your return. the net operating losses that can be used in the current year. Line 20: Enter the amount of credits used from Schedule 2. The return must be filed electronically if series 100 tax credits are claimed or generated. If claiming credit code 125 (QEE) enter your Social Security Number and not the Federal Employer Identification Number of the Student Scholarship Organization. See page 26 for more information regarding 1. NOL carry forward available for current year from years credits. before 2018 ____________ Note: Before determining how much NOL can be carried from the current year to the next year, the income from the current year must be recomputed using Schedule 4 and the related instructions. 2. NOL carry forward available for current year from years 2018 Line 21: Add Lines 17-20 to get the amount for total credits used. The amount cannot exceed Line 16. and later ____________ Page 12 FORM 500 INSTRUCTIONS (continued) Line 22: Subtract Line 21 from Line 16. If zero or less, enter zero. Line 23: Only enter Georgia income tax withheld from W-2s and 1099s. Attach/Include a copy of these statements with your return or this amount will not be allowed. Line 24: Enter Georgia income tax withheld on G2-A, G2FL, G2-LP, and/or G2-RP. Attach/Include a copy of these statements with your return or this amount will not be allowed. Note: Please complete the Income Statement Details Section. Only report income on which Georgia tax was withheld. Enter income form W-2s, 1099s, and G-2As on Line 4 GA Wages/Income. For other statements complete Line 4 using the income reported from Form G2-RP Line 12 or Line 13; Form G2-LP Line 11, or for Form G2-FL enter zero. Line 25: Enter estimated tax payments, including amounts credited from a previous return, and any payments made electronically or with Form IT- 560. Line 26: Enter Schedule 2B Refundable Tax Credits. The return must be filed electronically to claim these credits. Line 27: amount. Add Lines 23 through 26 and enter the total Line 45a: Complete the direct deposit information  Check the appropriate box (Checking or Savings) for the type of account. Do not check more than one box. You must check the correct box to ensure your direct deposit is accepted.  Enter your nine digit routing number. The first two digits must be 01 through 12 or 21 through 32. Ask your financial institution for the correct routing number to enter on Line 45a if: • The routing number on a deposit slip is different from the routing number on your checks. • The deposit is to a savings account that does not allow you to write checks or • Your checks state they are payable through a financial institution different from the one at which you have your checking account.  Enter your account number from left to right and leave unused boxes blank. Include hyphens, but omit spaces and special symbols. The account number can be up to 17 characters (both numbers and letters). Example On the sample check below, the routing number is 807100013. John Doe would use that routing number unless their financial institution instructed them to use a different routing number for direct deposits. The account number is 978653421. Do not include the check number. On the sample check below, the check number is 5678. Line 28: If Line 22 is more than Line 27, subtract Line 27 from Line 22 to calculate the balance due. Line 29: If Line 27 is more than Line 22, subtract Line 22 from Line 27 to calculate your overpayment. Line 30: Enter the amount you want credited to next year's estimated tax. Lines 31 - 40: Enter the amount you want to donate to the charities listed on the form. Amounts must be rounded to the nearest dollar and cannot be less than $1. Line 41: Enter the estimated tax penalty from Form 500 UET. If you were eligible for an estimated tax penalty exception on Form 500 UET, please check the “500 UET Exception Attached” box, include the revised penalty on Line 40 of the Form 500, and include the 500 UET with the return. If the revised penalty is zero, enter zero. Line 42: Enter the amount of late payment and/or late filing penalty. Line 43: Enter the amount of interest. Line 44: Add Lines 28 and 31 through 43 and enter the total amount due. Mail your return, 525-TV payment voucher, and payment to the address on the Form 500. Line 45: Subtract the sum of Lines 30 through 43 from Line 29 and enter the amount to be refunded to you. Direct Deposit Option Note: If you are a first time Georgia filer or if you have not filed Georgia taxes in five or more years, you will receive your refund via paper check. This applies both to electronic and paper return filers. Direct Deposit Rejects If any of the following apply, your direct deposit request may be rejected and a check will be mailed:  Any numbers or letters are crossed out or whited out.  An invalid checking, savings, or routing number was entered.  Your financial institution will not allow a joint refund to be deposited to an individual account. The State of Georgia is not responsible if a financial institution rejects a direct deposit. Signature Section Please sign and date your return. If filing a joint return you and your spouse must sign and date the return. The paid preparer should also sign the return. If the taxpayer and/or spouse is deceased, check the box under the taxpayer's signature and provide the date of death. Page 13 SCHEDULE 1 INSTRUCTIONS Schedule 1 Instructions Lines 1 - 6: Enter your additions to income (see Additions section for detailed information). Lines 7 - 13: Enter your subtractions from income (see Subtractions section for detailed information). Note: A taxpayer with multiple additions (Schedule 1, Line 5) and subtractions (Schedule 1, Line 12) should include a separate worksheet listing all adjustments and write the total for those line respectively. Lines 14: Enter your total net adjustments here and on Line 9 of page 2 of Form 500. Note: Please complete and include your Retirement Income Exclusion calculation (Page 2 of Schedule 1), if you entered information on Schedule 1, Lines 7a, 7d, 7c, and/or 7f. Also, please complete and include the Military Retirement Income Exclusion calculation (Page 3 of Schedule 1) if you entered information on Schedule 1, Lines 7b and/or 7e. Additions The following adjustments must be added if applicable 1. Interest received from non-Georgia municipal bonds and dividends received from mutual funds that derived income from non-Georgia municipal bonds. These may only be reduced by direct and indirect interest expenses which are attributable to the income and which have not already been deducted in arriving at Federal adjusted gross income or itemized deductions. 2. Loss carryovers from years when you were not subject to Georgia income tax. 3. Lump sum distributions from employee benefit plans reported on IRS Form 4972. 4. Depreciation because of differences in Georgia and Federal law during tax years 1981 through 1986. 5. Adjustments due to Federal tax changes (see dor. georgia.gov/rules-policies/income-tax/income-tax-federaltax-changes). 6. Net operating loss carryover deducted on federal return. 7. Payments for more than $600 in a taxable year made to employees which are not authorized employees and which are not excepted by Code Section 48-7-21.1. An authorized employee is someone legally allowed to work in the United States. 8. Taxable portion of withdrawals on the Path2College 529 Plan (see Regulation 560-7-4-.04). 9. For the Qualified Education Expense credit, the deduction relating to the credit. See Regulation 560-7-8-.47. 10. For the Land Conservation credit, the deduction relating to the credit. See Regulation 560-7-8-.50 for more information. 11. For the Qualified Rural Hospital Organization Expense tax credit, the deduction relating to the credit. See Regulation 560-7-8-.57 for more information. 12. For the Qualified Education Donation tax credit, the deduction relating to the credit. See Regulation 560-7-8-.60 for more information. 13. For the Qualified Foster Care Donation tax credit, the deduction relating to the credit. See regulation 560-7-8.68 for more information. 14. For the Qualified Law Enforcement Donation tax credit, the deduction relating to the credit. See regulation 560-7-8.68 for more information. Note: If the contribution relating to the above credits is treated as a deduction of state taxes, then the following formula should be used to determine the disallowed state income taxes: Contribution treated as state income taxes divided by the total taxes on Line 5d of Schedule A multiplied by the lesser of the amount on Line 5d of Schedule A or $10,000 ($5,000 if Married Filing Separate). Note: When other state income taxes and when the contribution relating to the above credits is treated as a deduction of state taxes, the federally taxable state income tax refund that is later received may be eligible to be reduced. The reduction equals the federally taxable refund times the proportion that was used to figure out how much of the deduction had to be reduced in the year of the deduction (Contribution treated as state income taxes divided by the total taxes on Line 5d of Schedule A). Note: If a taxpayer receives a state refund and is not required to include the refund in Federal AGI since they were subject to Federal Alternative Minimum Tax, they are not required to include the refund for Georgia purposes. Surplus refunds are not taxable for Georgia individual income tax purposes but may be federally taxable. Note: Georgia does not allow the 20% qualified business income deduction. (I.R.C. Section 199A). However, since Georgia starts with Federal AGI, no adjustment is necessary on the Georgia return. 15. For owners of a pass-through entity or entities that have elected to pay tax at the entity level see 5607-3-.03(9)(a). Note: Enter your allocable share of loss that was apportioned and allocated at the entity level on Schedule 1, Line 5. Use description PTEADD. Subtractions The following adjustments may be SUBTRACTED: 1. Retirement income. The maximum retirement income exclusion is $35,000 for taxpayers who are: (A) 62 - 64 years of age, or Page 14 Schedule 1 Subtractions (continued) (B) less than 62 and permanently disabled to such an 9. Income tax refunds from states other than Georgia included extent that they are unable to perform any type of in Federal adjusted gross income. Do not subtract Georgia gainful employment. income tax refunds. The maximum retirement income exclusion is $65,000 for taxpayers who are 65 years of age or older. 10. Income from any fund, program or system which is specifically exempted by Federal law or treaty. The exclusion is available for the taxpayer and his/her spouse; however, each must qualify on a separate basis. If both spouses 11. Adjustment to Federal adjusted gross income for Georgia qualify, each spouse may claim the amounts above. Income resident shareholders for Subchapter S income where the Sub from property that is jointly owned should be allocated to each S election is not recognized by Georgia or another state or for taxpayer at 50% of the total value. Up to $4,000 of the maximum Georgia resident partners in a partnership or members in an LLC allowable exclusion may be earned income. See the instructions where such entities' income has been taxed at the entity level by on page 17 and complete Form 500, Schedule 1, Page 2. another state. Part-year and nonresident filers are required to prorate the This adjustment is only allowed for the portion of income on which amount of retirement exclusion. For more information on how the tax was actually paid by the corporation or partnership to to calculate the prorated exclusion amount, see the instructions another state(s). on page 17. The subtraction amount is calculated as follows: 2. Military Retirement Income. Up to $17,500 of military retire- 1. Determine the Georgia taxable net income received from ment income can be excluded for taxpayers under 62 years of the entity. This should include any income, gains, losses and age. An additional $17,500 can be excluded for such taxpayers deductions from the entity which are separately reported and included on the taxpayer's return including any guaranteed with more than $17,500 of earned income in Georgia. payments received from a partnership. This does not include The exclusion is available for the taxpayer and his/her spouse; wages paid to the partner, shareholder, or member. However, if however, each must qualify on a separate basis. If both spouses such wages are taxed by another state, the partner, shareholder, or member may be eligible for the other state(s) tax credit. qualify, each spouse may claim the amounts above. 2. Multiply the above income by the entity's apportionment ratio Part-year residents and nonresidents are allowed to claim the in such other state. military retirement income exclusion of $17,500 against the total military retirement income they received, but these taxpayers can Only states which have a tax on the entity which is on or measured only claim the additional military retirement exclusion of $17,500 by income are eligible for the subtraction. Income subject to after meeting the earned income threshold with Georgia-source the Texas Margin Tax is eligible for this subtraction. Please see Code Section 48-7-27(d) and Regulation 560-7-4-.01 for more earned income. information. 3. Depreciation because of differences in Georgia and Federal In cases where the Sub S election is recognized by another state(s) law during tax years 1981 through 1986. the income should not be subtracted. Credit for taxes paid to other 4. Interest and dividends on U.S. Government bonds and other states may apply. U.S. obligations. These must be reduced by direct and indirect 12. Adjustment for teachers retired from the Teacher’s Reinterest expenses which are attributable to the income. tirement System of Georgia for contributions paid between July Note: Interest received from the Federal National Mortgage 1, 1987 and December 31, 1989 that were reported to and taxed Association, Government National Mortgage Association, by Georgia. Federal Home Loan Mortgage Corporation, and from repurchase agreements is taxable and should not be subtracted. 13. The amount claimed by employers in food and beverage establishments who took a credit instead of a deduction on the 5. Social Security or Railroad Retirement (Tier 1 and Tier Federal return for FICA tax paid on employee cash tips. 2) paid by the Railroad Retirement Board included in Federal adjusted gross income. 14. An adjustment of 10% of qualified payments to minority subcontractors or $100,000, whichever is less, per taxable year 6. Salaries and wages reduced from Federal taxable income by individuals, corporations or partnerships that are party to state because of the Federal Jobs Tax Credit. contracts. For more information call the Department of Administrative Services at 404-657-6000 or visit their website: http://doas. 7. Individual retirement account, Keogh, and SEP plan ga.gov/state-purchasing/suppliers withdrawals where tax has been paid to Georgia because of the difference between Georgia and Federal law for tax years 15. Deductible portion of contributions to the Path2College 529 1981 through 1986. Plan. The deduction is limited on a return to the amount contributed but cannot exceed $4,000 per beneficiary unless a married 8. Dependent’s unearned income included in parents’ filing joint return is filed then the amount cannot exceed $8,000 Federal adjusted gross income. per beneficiary. Page 15 Schedule 1 Subtractions (continued) 16. Adjustments due to Federal tax changes (see dor.georgia.gov/rules-policies/income-tax/income-tax-federal-tax-changes). 17. Combat Zone Pay Exclusion. See page 10 for more information. 18. Organ Donation Expense Deduction up to $25,000 of unreimbursed travel expenses, lodging expenses and lost wages incurred as a direct result of a taxpayer’s donation of all or part of a kidney, liver, pancreas, intestine, lung or bone marrow during the taxable year. 19. An amount equal to 100 percent of the premium paid by the taxpayer during the taxable year for high deductible health plans to the extent the deduction has not been included in federal adjusted income and the expenses have not been provided from a health reimbursement arrangement and have not been included in itemized deductions. In the event the taxpayer claims the expenses as itemized deductions, the taxpayer should multiply the expense by the ratio of total allowed itemized deductions after the federal limitation to the total allowed itemized deductions before the federal limitation to determine the amount that is not allowed to be deducted pursuant to this paragraph. For example, the taxpayer has $1,000 in high deductible health insurance premiums. They also have $7,000 of other medical expenses which means they have total medical expenses of $8,000. After the limitation, the taxpayer is only allowed to deduct $2,000 of medical expenses. The $1,000 deduction must be reduced by $250 ($2,000/$8,000 x $1,000), and the taxpayer is allowed to deduct $750. 20. Federally taxable interest received on Georgia municipal bonds designated as “Build America Bonds” under Section 54AA of the Internal Revenue Code of 1986. “Recovery Zone Economic Development Bonds” under Section 1400U-2 Code are considered “Build America Bonds” for this purpose. 21. Federally taxable interest received on Georgia municipal bonds issued by the State of Georgia and certain authorities or agencies of the State of Georgia for which there is a special exemption under Georgia law from Georgia tax on such interest. 22. Interest eliminated from federal itemized deductions due to the Federal Form 8396 credit. 23. pursuant are included in the taxpayer's federal adjusted gross income and are not otherwise exempt from the tax imposed by this publicly employed emergency medical technician, or a surviving spouse of such an individual, receiving payments pursuant damage, or death occurring in the line of duty. 24 to the extent such amounts are included in the taxpayer's federal adjusted gross income and are not otherwise exempt on the Georgia return. to the extent such deduction has not been included in the taxpayer's federal adjusted gross income and is not otherwise deductible on the Georgia return. 26. Income received by a surviving family member that is based on the service record of a deceased veteran without regard to the age of the surviving family member. 27. For taxable years beginning on or after January 1, 2019, and ending on or before December 31, 2023, a subtraction is allowed for certain disaster relief payments. The payments that qualify are those that are received from a federal disaster relief or assistance grant program administered by Georgia or its instrumentalities or the United States Department Hurricane Michael during the 2018 calendar year. Also, the subtraction is only allowed to the extent the income is included in federal adjusted gross income. Finally, any amounts that came from a pass-through entity are also eligible. 28. For owners of a pass-through entity or entities that have elected to pay tax at the entity level, see Rule 560-7-3-.03(9) (a). Note: Enter your allocable share of income that was taxed at the entity level on Schedule 1, Line 12. Use description PTEDED. For more information see https://dor.georgia.gov/hb-149-pass-through-entity-tax-faq. Note regarding Achieving Better Life Experience (ABLE) Programs - No Deduction is allowed as a subtraction item for any contribution made pursuant to the Georgia ABLE Program or any other state ABLE programs. Page 16 RETIREMENT INCOME EXCLUSION Social Security and Railroad Retirement paid by the Railroad Retirement Board, exempt interest, or other income that is not taxable to Georgia should not be included in the retirement income exclusion calculation. Income or losses should be allocated to the person who owns the item. If any item is held jointly, the income or loss should be allocated to each taxpayer at 50%. Part-year residents and nonresidents must prorate the retirement income exclusion. The earned income portion and the unearned income portion must be separately prorated. The earned income portion shall be prorated using the ratio of Georgia source earned income to total earned income computed as if the taxpayer were a resident of Georgia for the entire year. The unearned portion shall be prorated using the ratio of Georgia source unearned retirement income to total unearned retirement income computed as if the taxpayer were a resident of Georgia for the entire year. *Retirement income does not include income received directly or indirectly from lotteries, gambling, illegal sources or similar income. ** Rental, Royalty or Partnership income that is subject to FICA tax or Self employment tax should be included on line 2 not Line 13. Trade or business income from an S Corp in which the taxpayer or their spouse materially participated should be included on Line 2 not
Extracted from PDF file 2023-georgia-form-it-511.pdf, last modified November 2023

More about the Georgia Form IT-511 Individual Income Tax Tax Return TY 2023

Individual Income Tax Instruction Booklet, containing 500 and 500EZ Forms and General Instructions.

We last updated the Individual Income Tax Booklet in February 2024, so this is the latest version of Form IT-511, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-511 directly from TaxFormFinder. You can print other Georgia tax forms here.


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Other Georgia Individual Income Tax Forms:

TaxFormFinder has an additional 30 Georgia income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 500 Individual Income Tax Return
Form IT-511 Individual Income Tax Booklet
Form G-4 Employee Withholding
Form 500-EZ Individual Income Tax Return (Short Version)
Form 525-TV Individual Tax Payment Voucher

Download all GA tax forms View all 31 Georgia Income Tax Forms


Form Sources:

Georgia usually releases forms for the current tax year between January and April. We last updated Georgia Form IT-511 from the Department of Revenue in February 2024.

Show Sources >

Form IT-511 is a Georgia Individual Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Georgia Form IT-511

We have a total of ten past-year versions of Form IT-511 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form IT-511

IT-511 Individual Income Tax 500 and 500EZ Forms and General Instructions

2020 Form IT-511

IT-511 Individual Income Tax 500 and 500EZ Forms and General Instructions

2019 Form IT-511

IT-511 Individual Income Tax 500 and 500EZ Forms and General Instructions

2018 Form IT-511

IT-511 Individual Income Tax 500 and 500EZ Forms and General Instructions

2017 Form IT-511

IT-511 Individual Income Tax 500 and 500EZ Forms and General Instructions

frmIT511 (2013) 2013 Form IT-511

Individual Instructions for Forms 500, 500-EZ, IND-CR

frmIT511 (2009) 11-23-2009 2012 Form IT-511

frmIT511 (2009) 11-23-2009


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