Georgia Self-Employment Tax Calculator
Calculate your self-employment tax, federal income tax, and Georgia state income tax as a freelancer or 1099 contractor. Georgia has a flat income tax rate of 5.
Annual Tax Breakdown
Summary
Quarterly Estimated Payments
Tax Breakdown
See your complete freelancer financial picture
Your estimated quarterly tax payment is $5,377. Model your freelance income alongside expenses, savings, and investments in the full simulator.
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Georgia has a flat income tax rate of 5.49%. The state has been transitioning from a progressive to a flat tax system. Self-employed individuals in Georgia pay federal self-employment tax (15.3%) plus federal income tax, and Georgia state income tax on their net self-employment earnings.
Self-Employment Taxes in Georgia
If you work as a freelancer or independent contractor in Georgia, your tax situation involves multiple layers: federal self-employment tax, federal income tax, and Georgia state income tax. Understanding how each component works helps you plan your quarterly estimated payments and maximize your deductions.
Georgia Income Tax for Freelancers
Georgia has a flat income tax rate of 5.49%. The state has been transitioning from a progressive to a flat tax system.
Cost of Living for Freelancers in Georgia
Georgia's cost of living is about 7% below the national average, with Atlanta being near the average. As a freelancer in Georgia, your effective earnings depend not just on your tax rate but also on what your after-tax income can buy. Consider local costs for housing, coworking spaces, and daily expenses when setting your rates.
Financial Tips for Georgia Freelancers
- Georgia's flat 5.49% rate simplifies tax planning compared to the old progressive system
- Atlanta's booming job market in tech, film, and logistics offers competitive salaries
- Georgia has moderate property taxes and a cost of living below the national average
- Georgia taxes retirement income but offers exemptions for those 62 and older
Key Georgia Tax Features
- Flat 5.49% rate (recently simplified)
- Growing tech and film industries in Atlanta
- Retirement income exemptions for 62+
Model Your Georgia Freelance Finances Over Time
This calculator shows your Georgia tax bill. Trajectoryy's full simulator models your freelance income alongside expenses, savings, investments, and more — month by month for years into the future.
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