Changes to State Tax Rates

You may see an increase in the net amount of your retirement benefit beginning with your January 31, 2024 payment.

Governor Kemp signed HB 1437 into law on April 26, 2022. This bill replaced the graduated personal income tax with a flat rate of 5.49% effective January 1, 2024. The rate will reduce each year until the flat rate reaches 4.99%.

More information regarding HB 1437 and the income tax cut can be found here.