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TurboTax is not calculating correctly Georgia Form 500 ES Part I, Line 1b., “100% of tax for 2024 estimated taxable income." Not updated for 2024 Georgia taxes.
See 2023 Georgia Tax Booklet, page 7, "2024 Income Tax Changes". TurboTax is not using the current standard deductions nor the new flat tax rate of 5.49% effective January 01, 2024.
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February 23, 2024
7:15 AM