Capital gains: Taxed as ordinary income.
What changed: Flat rate scheduled to fall 0.10 point a year until it reaches 4.99%.
Fair Tax Solutions said it is hosting a free Marietta workshop on IRS tax-debt resolution options, highlighting installment plans, offers in compromise, penalty relief, appeals, and currently not collectible status.
The Eleventh Circuit affirmed that a Georgia land partnership's charitable deduction for a conservation easement was limited to cost basis, plus a 40 percent penalty, a warning for real estate investors in syndicated easement deals.
House Bill 463, passed on the final day of Georgia's session, speeds rate cuts toward 3.99%, raises standard deductions and drops several credits, reshaping the math for high earners weighing a Southeast move.
California's combined top marginal rate reaches 14.4% and NYC residents face up to 14.776%, even as Georgia, Indiana, Kentucky and six other states cut income tax rates on January 1.