Form It 511 - Individual Income Tax 500 And 500ez Forms And General Instructions - 2013 Page 13
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32FORM 500 INSTRUCTIONS
Include all completed schedules with your Georgia return.
Your Federal return contains information necessary for completing your Georgia return; therefore, you should complete your
Federal return before starting your Georgia return. If you owe tax, mail your return and payment along with Payment Voucher
525 TV to the address on the return. Make your check or money order payable to Georgia Department of Revenue. Visit our
website at for information about alternate payment methods.
Part-year residents and nonresidents must omit Lines 9 -14 and follow the Schedule 3 instructions that begin on page 17.
LINES 1 - 3 Print or type your name(s), address (including
5. Adjustments due to Federal tax changes (see pages 7-8).
apartment number if applicable) and social security number(s)
6. Federal deduction for income attributable to domestic
in the spaces provided. Do not write both a street address
production activities under I.R.C. Section 199.
and post office box in the address field.
7. Payments for more than $600 in a taxable year made to
If you were eligible for an estimated tax penalty exception on
employees which are not authorized employees and which
Form 500 UET, please check the “500 UET Exception Attached”
are not excepted by Code Section 48-7-21.1. An authorized
box, include the revised penalty on line 34 of the Form 500 (if
employee is someone legally allowed to work in the United
the revised penalty is zero enter zero), and include the 500
States.
UET with the return.
8. Portion of charitable contributions for which a qualified
LINE 4 If you lived in Georgia the entire year, regardless of
education expense credit was claimed.
temporary living arrangements, enter 1 in the residency status
9. Taxable portion of withdrawals on the Georgia Higher
box. If you lived in Georgia part of the year, enter 2 in the
Education Savings Plan (see Regulation 560-7-4-.04).
residency status box and list the dates you lived in Georgia. If
Note: If a taxpayer receives a state refund and is not required
you did not live in Georgia, enter 3 in the residency status box.
to include the refund in Federal AGI since they were subject
If one spouse is a resident and one is a part-year resident or
to Federal Alternative Minimum Tax, they are not required to
nonresident, enter 3 in the residency status box and complete
include the refund for Georgia purposes.
Schedule 3 to calculate Georgia taxable income.
10. For the Land Conservation credit, the charitable donation
LINE 5 Enter the letter appropriate for your filing status. You
relating to the credit. See Regulation 560-7-8-.50 for more
should use the same status that you use on your Federal return.
information.
However, if one spouse is a resident and the other is a
The following adjustments may be SUBTRACTED:
nonresident without any Georgia-source income, your Georgia
1.
Retirement income. For tax year 2013, the maximum
return may be filed jointly or separately with each spouse
retirement income exclusion is $35,000 for taxpayers who are:
claiming the appropriate personal allowances and deductions.
If your filing status is qualifying widow(er) on your Federal return,
(A) 62 - 64 years of age, or
use filing status D on your Georgia return.
(B) less than 62 and permanently disabled to such an
extent that they are unable to perform any type of
LINE 6a-c Check box 6a for yourself and box 6b if you claim
gainful employment.
your spouse. Enter the number of boxes checked in box 6c.
The retirement exclusion is $65,000 if the taxpayer is 65 or older.
LINES 7a&b List the requested information about your
dependents in the spaces provided. Include a schedule if you
The exclusion is available for the taxpayer and his/her spouse;
have more than three dependents. Write the total number of
however, each must qualify on a separate basis. If both spouses
dependents on Line 7a. Do not include yourself or your
qualify, each spouse may claim the amounts above. Income
spouse. Add Lines 6c and 7a; write the total on Line 7b.
from property that is jointly owned should be allocated to each
taxpayer at 50% of the total value. Up to $4,000 of the maximum
LINE 8 Enter Federal adjusted gross income from Form 1040,
allowable exclusion may be earned income. Use the worksheet
1040A or 1040EZ. Do not use Federal taxable income.
on page 14 to calculate the exclusion and document the
LINE 9 If you have income that is taxable by the Federal
adjustment on Form 500, Schedule 1.
Government but not taxable to Georgia or vice versa, you must
2. Interest and dividends on U.S. Government bonds and other
adjust your Federal adjusted gross income. You must
U.S. obligations. These must be reduced by direct and indirect
document your adjustments on Schedule 1 and enter the total
interest expenses which are attributable to the income. Interest
amount here.
received from the Federal National Mortgage Association,
The following adjustments must be ADDED if applicable:
Government National Mortgage Association, Federal Home Loan
1. Interest received from non-Georgia municipal bonds and
Mortgage Corporation, and from repurchase agreements is
dividends received from mutual funds that derived income from
taxable.
non-Georgia municipal bonds.
3. Social security or railroad retirement (tier 1and tier 2) paid
2. Loss carryovers from years when you were not subject to
by the Railroad Retirement Board included in Federal adjusted
Georgia income tax.
gross income.
3. Lump sum distributions from employee benefit plans
4. Salaries and wages reduced from Federal taxable income
reported on IRS Form 4972.
because of the Federal Jobs Tax Credit.
4. Depreciation because of differences in Georgia and Federal
law during tax years 1981 through 1986.
Page 11
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