What are the requirements for filing and paying estimated tax?
• Estimated tax is for taxpayers having income not subject to withholding tax. It should be paid by taxpayers subject to Georgia income tax who expect to have during the year gross income which exceeds the personal exemption, plus credit for dependents, plus estimated deductions, plus $1,000 income not subject to withholding. Estimated tax is not required if, under an agreement between the employer and employee, additional tax is withheld to cover income that normally would require estimated tax to be paid.
