To qualify for the low income credit, your federal adjusted gross income must be less than $20,000, you cannot be claimed as a dependent on another person's return, and you cannot be an inmate in a correctional facility.
The low income credit is a nonrefundable credit. It can not generate a refund for you- only lower your tax owed.
The Low-Income Credit worksheet is found in the Georgia Instructions and is automatically generated in the program for qualifying taxpayers.
Low Income Credit Table
- Under $6,000 - $26
- $6,000 but not more than $7,999 - $20
- $8,000 but not more than $9,999 - $14
- $10,000 but not more than $14,999 - $8
- $15,000 but not more than $19,999 - $5
Note: All claims for the low income credit, including claims on amended returns, must be filed on or before the end of the 12th month following the close of the tax year for which the credit may be claimed.