Georgia Tax Form 500 Instructions

Instructions for Georgia Tax Form 500
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Georgia Form 500 is the state individual income tax return for Georgia residents. Georgia residents whose income for the tax year is more than the amount allotted for their standard deduction, which is based on filing status, must file Form 500. Residents required to file must do so on or before April 15 of each year. Residents unable to file by the April deadline may file an Automatic Extension of Time, which allows taxpayers six extra months to file. Taxpayers will need the information from their Form 1040, which is their federal income tax return for the year, to fill out the information on Form 500.

Step 1

Enter personal taxpayer information in section one of Form 500. This information includes your name, spouse's name--if applicable--address and Social Security numbers.

Step 2

Enter exemption and dependent information into section two of Form 500. Include any dependents that lived with you more than half of the year, along with their Social Security numbers. Georgia residents must live in Georgia more than six months of the year to file a Form 500. Choose your filing status by determining whether you are married and filing jointly, married and filing separately, Head of Household, single or a widower. Widowers whose spouse passed away during the tax year may still file as married filing jointly.

Step 3

Enter income information into section three of the Georgia Form 500. Include in your income information your adjusted gross income from your federal income tax return. If any of the amounts in section two are negative, you must fill in the circle next to the line. Schedule 1 must be completed and attached to Form 500 if you have additional income or adjustments, such as lump sum distributions or interest on non-Georgia municipal bonds.

Step 4

Enter deductions into the next section, including those listed on Form 1040. Enter additional itemized deductions from Georgia here if applicable. Itemized deductions include the amount of tax paid to tax preparers for previous returns, mortgage interest and charitable donations.

Step 5

Read each line in the next section carefully to compute your tax using the information previously entered on Form 500. Each line is self-explanatory, but it is important to review the information to check for mistakes. Double-check that you've entered the amount of your expected refund or tax owed in the correct boxes. Without this information, the Department of Revenue will not issue a refund.

Step 6

Sign and date your tax return in the final section. Review the information you entered onto the rest of the return. Correct any mistakes and mail Form 500 to the appropriate address.

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