How to Get a Georgia State Income Tax Credit and a Charitable Contribution Deduction at the Same Time. It is not often that you can get both a Federal charitable tax deduction and a credit against your Georgia income taxes at the same time. In Georgia, there are now two ways that taxpayers can make this happen.
Tag: Income Tax
It’s been around since 2013, but many are still struggling to come to grips with the net investment income tax. The 3.8% tax, which is sometimes referred to as the Medicare surtax on net investment income, affected approximately 3.1 million federal income tax returns for 2013 (the only year for which data is available) to the tune of almost $11.7 billion.1 Here’s what you need to know.
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