The following information has been provided to assist in the
preparation of
If you were a part-year resident of
dates you resided in
code on line 4 will automatically calculate "2". Also, enter
your items of income and deductions in the
Schedule 3.
If you do not live in Georgia or one spouse is a resident
and the other is not a resident, then enter income and
deductions in the
of ‘3’ for Nonresident.
If you had state income tax withheld other than from
enter that amount at line 12 just below "Total Federal Itemized
Deductions".
If you had
W-2G's or 1099R's, enter that amount on line 20, "Other Georgia
Income Tax Withheld".
Line 21 includes any estimated tax payments made, the amount
credited from your previous year tax return and any
prepayments (Form 560) from requests for extensions. Estimated
payments and the "Credit to 2014 Estimated Tax" from your
previous year tax return that are entered on the Federal
Form 1040, line 63 worksheet will automatically calculate on
line 21. State code "GA" must be entered on the line 63
worksheet.
You qualify for the Low Income Credit if all of the following
apply: a) you are a
less than $20,000, and c) you are not claimed or eligible to be
claimed as a dependent by another taxpayer on their Federal or
Georgia Individual income tax return. The credit will be
automatically calculated by the program. The credit is
determined as follows:
Federal Adjusted Gross Income Base Credit
----------------------------- -----------
Under $6,000 or Negative $26
$6,000 to $7,999 $20
$8,000 to $9,999 $14
$10,000 to $14,999 $ 8
$15,000 to $19,999 $ 5
The base credit is mutiplied by: 1) total exemptions claimed
including self, spouse and naturally or legally adopted
children, and 2) one exemption for each spouse age 65 or over.
If you reported a lump sum distribution on Federal Form 4972,
the program will automatically calculate the total distribution
received and enter it on Schedule 1, line 2.
This category includes items such as depreciation
differences between
1981 through 1986, the adjustment for 30% & 50% bonus depreciation
per the Federal 2002 JCWA act, and the Federal Sect 179 deduction
in excess of the allowed amount per
law provides a retirement income exclusion of up to $35,000
($65,000 if 65 or over) per taxpayer. To qualify taxpayers must be:
1) age 62 or over or 2) permanently and totally disabled unable to work.
Taxpayers qualify for the exclusion on a separate basis and
cannot use any income attributable to the other spouse. Jointly
owned property should be allocated equally to each spouse on the
Worksheet for Schedule 1, line 6.
Of the $35,000/$65,000 maximum exclusion per taxpayer, up to $4,000 per
taxpayer may be earned income.
NOTE: Taxpayers who are disabled must enter the type of
disability and date of disability on Schedule 1, line 6.
This credit will automatically calculate when the other state tax
return is filed in the Crosslink program. If you are filing a
state return not supported by Crosslink, complete lines 1 and 10
of the Schedule 2, line 1 worksheet (GA resident) or complete
lines 1 and 8 of the Sch 2, line 1 worksheet (GA part year
resident).