I am using 2023 TurboTax Deluxe. It’s calculations of 2024 Georgia estimated taxes are still not correct after two software updates.
TurboTax corrected the income tax rate to 5.49%.
TurboTax did not correct the changes in personal exemptions and standard deductions.
From the Georgia 2023 IT-511Individual Income Tax Booklet, Page 7, “2024 Income Tax Changes: … Additionally, personal exemptions have been repealed except for the $3,000 dependent exemption. Finally, Georgia standard deductions have increased to $24,000 for Married Filing Joint returns and $12,000 for Single, Head of Household, and Married Filing Separate returns.”
It is further elaborated in the Georgia INSTRUCTIONS FOR INDIVIDUAL AND FIDUCIARIES ESTIMATED TAX (500ES), where it repeats the new standard deductions above and also notes, “After 12/31/23, there are no more additional $1,300 deductions for taxpayers who are age 65 or older or blind.”
