Georgia § 48-7-26 Personal exemptions

Georgia Statutes

§ 48-7-26 — Personal exemptions

(a)As used in this Code section, the term "dependent" shall have the same meaning as in the Internal Revenue Code of 1986; provided, however, that any unborn child with a detectable human heartbeat, as such terms are defined in Code Section 1-2-1 , shall qualify as a dependent minor.

(b)Each taxpayer shall be allowed as a deduction in computing his or her Georgia taxable income a personal exemption in the amount of $4,000.00 for each dependent of such taxpayer.

(c)No exemption shall be allowed under this Code section for any dependent who has made a joint return with such dependent's spouse for the taxable year beginning in the calendar year in which the taxable year of the taxpayer begins.

(d)A deduction in lieu of a personal exemption deduction shall be allowed an estate or a trust a

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(a) As used in this Code section, the term "dependent" shall have the same meaning as in the Internal Revenue Code of 1986; provided, however, that any unborn child with a detectable human heartbeat, as such terms are defined in Code Section 1-2-1 , shall qualify as a dependent minor. (b) Each taxpayer shall be allowed as a deduction in computing his or her Georgia taxable income a personal exemption in the amount of $4,000.00 for each dependent of such taxpayer. (c) No exemption shall be allowed under this Code section for any dependent who has made a joint return with such dependent's spouse for the taxable year beginning in the calendar year in which the taxable year of the taxpayer begins. (d) A deduction in lieu of a personal exemption deduction shall be allowed an estate or a trust as follows: (1) An estate - $2,700.00; and (2) A trust - $1,350.00.

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Legislative History

Amended by 2024 Ga. Laws 377,§ 1, eff. 7/1/2024, app. to all taxable years beginning on or after 1/1/2024. Amended by 2023 Ga. Laws 236,§ 2-3, eff. 1/1/2024, app. to all taxable years beginning on or after 1/1/2024. Amended by 2022 Ga. Laws 716,§ 2-2, eff. 1/1/2024. Amended by 2019 Ga. Laws 234,§ 12, eff. 1/1/2020. Amended by 2012 Ga. Laws 607,§; II-2-1, eff. 1/1/2013.