Senate Approves Tax Cut for Georgia Taxpayers

The Georgia Senate has approved a bill that collectively would cut income taxes for individuals by more than $600 million over the next five years.

House Bill 593, dubbed the Tax Relief Act of 2021, raises the standard deduction on state income tax returns for a single taxpayer by $800 to $5,400 and by $1,100 to $7,100 for a married couple filing a joint return, starting in the 2022 tax year.

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