What is Georgia's standard deduction? The standard deduction allows taxpayers to reduce their taxable income by a fixed amount. In 2024 (taxes filed in 2025), the Georgia standard deduction is $24,000 for those married filing jointly and $12,000 for single filers, heads of household and those married filing separately.
There can only be one dependent exemption claimed in a single tax year per dependent child.
Now, Georgia's existing child care tax credit lets taxpayers get back up to 30% of the separate federal income tax credit for child care expenses. The federal ceiling is $3,000 per child, which means Georgia's ceiling is $900 per child.
Eligible Dependents include Spouses and the following Dependent Children up to age 26: Natural Child. Adopted Child. Child due to Legal Guardianship.
CHILD AND DEPENDENT CARE TAX CREDIT (CDCTC) Rate (Non-Refundable): 30% of federal credit, up to $315 for one child and $672 for two or more children. Eligibility Requirements: All Georgia taxpayers who qualify for the federal credit are automatically eligible.
Dependent Allowance = $3,000 x Number of Dependents and additional allowances.
Now, Georgia's existing child care tax credit lets taxpayers get back up to 30% of the separate federal income tax credit for child care expenses. The federal ceiling is $3,000 per child, which means Georgia's ceiling is $900 per child. The plan would increase that to $1,200, or 40% of the federal ceiling.
The U.S. Congress significantly expanded the federal child tax credit during the pandemic in monthly payments from $2,000 for children under the age of 17 to $3,600 for children under six and $3,000 for ages six to 17.
What is the child tax credit? What is the child tax credit? The child tax credit provides a credit of up to $2,000 per child under age 17. If the credit exceeds taxes owed, families may receive up to $1,600 per child as a refund.