GA Code § 48-7-26 - Personal Exemptions.

Section 48-7-26 - Personal Exemptions.Section 48-7-26 - Personal Exemptions.

Section 48-7-25 - Exempt Corporations and Organizations; Eligibility for and Revocation of Exempt Status; Retroactivity; Statute of Limitations; Information Returns; Unrelated Business Income; Deductibility of Death Benefit Payments.Section 48-7-27 - [effective Until January 1, 2027] Computation of Taxable Net Income.

(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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