The Georgia Department of Revenue also is very welcoming -- to all types of income earned by residents and nonresidents alike and from any source.
A full-time Georgia resident owes his or her state taxes on all sources of income regardless of where the income comes from. So if you live in Augusta, Ga., and work in Aiken, S.C., then you owe Georgia taxes.
What if your South Carolina employer takes out taxes for that state? Georgia does allow you credit for income taxes paid to other jurisdictions.
Of course, the credit can't exceed your Georgia income tax. And the state keeps things domestic. No credit is allowed for money made in another country.
What about someone who doesn't live in Georgia but gets paid by a Peach State company or entity? Yep, in most cases the state wants its share of that income, too.
Nonresidents, whether they actually work in Georgia or simply receive income from Georgia sources, must file a Georgia income tax return.
We're not just talking wages here. Other Georgia source income includes such things as winnings from the state's lottery, payouts from flow through entities (S corporations, partnerships, LLC's, trusts and estates) and rent payments you get on that property in Savannah.
So enjoy the graciousness of Georgians, but also make sure you know that when the state tax collector extends his hand, it's probably for more than just a handshake.
Tax trip around the United States: This is part of our series highlighting tax information from the 50 U.S. states and Washington, D.C. You can read other state tax blurbs at our Complete menu of tasty state tax tidbits.
The State Tax Departments page provides links to
official state and District of Columbia revenue Web sites so that you
can find out more about your home's tax laws and filing requirements.
As we work through the 2010 tax season, a different state will be featured each day as noted in Don't forget your state taxes! Check back to see what tax tidbit we share about your home.
- State Tax Tidbits
- State Tax Departments
- Don't forget your state taxes!
- 9 states of no-tax note ... sort of
Want to tell your friends about this blog post? Click the Tweet This or Digg This buttons below or use the Share This icon to spread the word via e-mail, Facebook and other popular applications. Thanks!