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Updated: April 14, 2023
Over 5.3 million people are in Georgia’s labor force, which means employers have their hands full when it comes to payroll taxes. The good news is that the Georgia payroll calculator at the top of this page eliminates all the extra clutter associated with calculating payroll, so your administrative duties won’t be quite as dull.
All you have to do is enter wage and W-4 information for each employee, and our calculator will process your employees’ gross pay, net pay, and deductions for Georgia and Federal taxes.
Here’s a summary of what you need to know when you’re calculating federal payroll taxes. If you would like to see a detailed rundown, head on over to our step-by-step guide for more information.
With six different tax brackets, payroll in Georgia is especially progressive, meaning the more your employees make, the more they have to pay. Rates range from 1% to 5.75%.
Though this could definitely be checked off as “complicated,” the rest of Georgia payroll taxes are a breeze. It doesn’t matter if you live in Savannah or Buford or Atlanta, because no city charges a local income tax.
Georgia doesn’t have state disability insurance, but it does have unemployment insurance. With a wage base of $9,500 in 2023, unemployment insurance covers those unemployed through no fault of their own. Rates range from 0.04% to 8.1%.
If you’re a new employer, use the standard rate of 2.7%.
Georgia statute 19-11-9.2 and the Federal Personal Responsibility and Work Opportunity Reconciliation Act of 1996 require all Georgia employers to report all newly hired employees, as well as rehires, to a state directory within 10 days of their hire date. There are no employer exemptions when it comes to new hire reporting. The good news is that the state of Georgia makes it simple through its new hire reporting center.
The state of Georgia requires employers to keep records of total remuneration (a fancy way of saying the compensation or payment an employee receives for the work they do) for a period of at least four years, per O.C.G.A. 48-7-111 (2010). In addition, you might find our article on payroll record keeping guidelines helpful, which breaks down various federal requirements (as well as tips on how to store files).
You’ve almost crossed the finish line. Reached your destination. Spotted the light at the end of the tunnel. Whatever works for you, you’re nearly there. All you have to do after calculating your employee’s net pay is cut those checks. Just make sure you’re setting aside the amount your company needs to pay to avoid any FICA and UI tax fiascos.
Federal tax filings are done by filing Forms 940 (annually) and 941 (quarterly), but deposits can be made on an ongoing basis through the EFTPS payment system. You can learn more about the tax reporting due dates here.
Just in case you want to learn even more about Georgia payroll taxes, here are a few helpful links.
Georgia Department of Revenue: To put it simply: your new best friend.
Register as an Employer: Or call (404) 232-3301 for more information.
The Department of Labor: Basically the almanac of payroll taxes for all Georgia employers.
Answers to your questions: Unemployment Insurance and laws and regulations…all the things you need to know.
These rates are based on local legislation and can change at any time. Always consult a tax professional if you are unsure about your obligations.
Georgia employers can use the calculator at the top of this page to quickly figure out their employees’ gross pay, net pay, and deductions. But every now and then, employers run into situations that require a bit more finesse. For example, do you have employees who are top performers and reward them with bonuses from time to time? Remember that Uncle Sam considers this type of payment to be supplemental wages (so taxes need to be withheld). What about workers who come and go? There may be times when you need to figure out what their final paycheck will be. So, if you can use a little more help managing the math, check out some of the calculators listed below.
Try OnPay out yourself to see how easy payroll and HR can be. To get started, just share a few basic details about your business. Our team of pros will set everything up and import your employees’ information for you.