**Georgia Taxes 2015: What You Need to Know**
Are you wondering about the intricacies of Georgia taxes in 2015? Look no further! In this article, we will break down the key information you need to understand regarding Georgia taxes in 2015. From tax rates and deductions to filing deadlines and payment options, we’ll cover it all. So, let’s dive into the details and get a clear picture of what you need to know.
**Income Tax Rates in Georgia**
In 2015, Georgia had a progressive income tax rate structure with six brackets. The tax rates ranged from 1% to 6%, depending on your income level. Here is a breakdown of the income tax rates for Georgia in 2015:
Individual Income Tax Rates for 2015
| Income Range | Tax Rate |
|—————————–|————————-|
| $0 – $750 | 1% |
| $751 – $2,250 | 2% |
| $2,251 – $3,750 | 3% |
| $3,751 – $5,250 | 4% |
| $5,251 – $7,000 | 5% |
| $7,001 and above | 6% |
**Available Deductions and Exemptions**
When filing your Georgia state taxes in 2015, it’s important to know which deductions and exemptions are available to you. Here are a few key deductions and exemptions that you should be aware of:
Standard Deduction
For the tax year 2015, the standard deduction amounts for Georgia were as follows:
– Single or Married Filing Separately: $2,300
– Married Filing Jointly or Qualifying Widow(er): $3,000
– Head of Household: $3,000
Itemized Deductions
If you choose to itemize deductions instead of taking the standard deduction, you may be eligible for several deductions, including:
– Medical and Dental Expenses
– State and Local Taxes Paid
– Mortgage Interest
– Charitable Contributions
It’s essential to keep accurate records and receipts to support your itemized deductions.
Personal Exemptions
In 2015, each taxpayer was entitled to a personal exemption of $2,700. This amount could be claimed for yourself, your spouse, and any dependents on your tax return.
**State Tax Filing Deadline and Payment Options**
The deadline for filing your Georgia state taxes for 2015 was consistent with the federal deadline, which is typically April 15th. If April 15th falls on a weekend or legal holiday, the deadline is extended to the next business day.
Payment Options
Georgia offered various payment options to make it convenient for taxpayers to fulfill their tax obligations. You could make payments using any of the following methods:
– Credit or Debit Card
– Electronic Funds Transfer (EFT)
– Check or Money Order
It’s important to note that convenience fees may apply when using credit or debit cards to make payments.
**Frequently Asked Questions**
Frequently Asked Questions
Now, let’s address some common questions that taxpayers often have regarding Georgia taxes in 2015.
Q: Can I file my Georgia state taxes electronically?
A: Yes, Georgia offered an electronic filing option for taxpayers to file their state taxes. E-filing is secure, convenient, and faster than filing a paper return.
Q: What if I can’t pay my taxes in full by the deadline?
A: If you’re unable to pay your Georgia state taxes in full by the deadline, you should still file your return on time to avoid penalties for late filing. Consider setting up a payment plan with the Georgia Department of Revenue to resolve your tax liability.
Q: What if I need an extension to file my taxes?
A: Georgia taxpayers were granted an automatic six-month extension to file their state taxes, similar to the federal extension. However, it’s important to note that the extension only applied to filing the return, not paying any taxes owed. Interest and penalties may apply to taxes paid after the original deadline.
**Final Thoughts**
Understanding the ins and outs of Georgia taxes in 2015 is crucial for every taxpayer. By familiarizing yourself with the tax rates, deductions, payment options, and filing deadlines, you can navigate the tax season with confidence. Remember to consult a tax professional or refer to the official Georgia Department of Revenue website for accurate and up-to-date information. Stay organized, keep records, and meet your tax obligations timely to ensure a smooth tax filing experience. With the knowledge gained in this article, you’re now better equipped to handle your Georgia taxes in 2015. Happy filing!
**Source:**
– Georgia Department of Revenue – https://dor.georgia.gov/