Georgia Estimated Quarterly Tax Return

Estimated Quarterly Tax Return
500ES INDIVIDUAL/FIDUCIARY
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State of Georgia Department of Revenue
KEEP THESE INSTRUCTIONS AND WORKSHEET WITH YOUR RECORDS

Instructions
1. Download (free) the latest version of Adobe Reader.
adobe.com/products/acrobat/readstep2.html
2. Complete the worksheet below to automatically create your payment voucher.
3. Click the “Print” button to print a completed 500 ES Individual/Fiduciary payment voucher.
4. Cut the payment voucher along the dotted line and mail the voucher and your payment only to
the address on the voucher.

DO NOT fold, staple or paper clip items being mailed.
DO NOT mail in the worksheet, keep this for your records.

500-ES Worksheet for Individual/Fiduciary
2. Spouse’s SSN:

1. Taxpayer's SSN:
3. Individual or Fiduciary Name:
4. Street Address Line 1:
5. Street Address Line 2:
6. City:

7. State:

9. Please Select Tax Type of Return: .........................

Select

10. Check If Address Change: .....................................
11. Calendar Year or Fiscal Year Ending:

Select

12. Due Date:.................................................................

Select

13. Amount Paid:..........................................................
Print

Clear

8. Zip:

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INSTRUCTIONS FOR INDIVIDUAL AND FIDUCIARIES ESTIMATED TAX (500ES)
WHO MUST FILE ESTIMATED TAX. Each individual or fiduciary subject
to Georgia income tax who reasonably expects to have gross income
during the year which exceeds (1) personal exemption, plus (2) credit for
dependents, plus (3) estimated deductions, plus (4) $1,000 of income
not subject to withholding.
EXCEPTION. Estimated tax is not required if, under an agreement
between the employer and the employee, additional tax is withheld to
cover income that normally would require estimated tax to be filed.
Individuals whose gross income from farming or fishing is at least two
thirds of the total gross income from all sources may: (a) file as other
taxpayers or (b) file their return by March 1 and pay the full amount of
tax due by that date. Fiduciaries shall not be required to pay estimated
tax with respect to any taxable year ending before the date two years
after the date of the decedent’s death in the case of:
1. The estate of such decedent; or
2. A testamentary trust as defined in IRC Section 6654(l)(2)(B).
PURPOSE OF ESTIMATED TAX. The purpose is to enable taxpayers
having income not subject to withholding to currently pay their income
tax. Taxpayers are also required to file an annual return claiming credit
thereon for amounts paid or credited to their estimated tax.
PAYMENT OF ESTIMATED TAX. Payment in full of your estimated tax
may be made with the first required installment or in equal installments
during this year on or before April 15, June 15, September 15, and the
following January 15. Fiscal year filers should adjust the date s
a ccordingly. If the due date falls on a weekend or holiday, the tax shall
be due on the next day that is not a weekend or holiday.
HOW TO ESTIMATE YOUR TAX. A schedule for computing your
estimated tax and the tax rate schedules are listed in the Tax Booklet.
PENALTIES. Failure to comply with the provisions of this law relative to
underpayment of installments may result in the assessment of additional
charges as a penalty. Willful failure to pay estimated tax will constitute a
misdemeanor.
STANDARD DEDUCTION.
Single, ead of household, or Married filing separate ......... $ , 00
Married filing jointly ...............................................................$24,000
(After 12/31/23, there are no more additional $1,300 deductions for
taxpayers who are age 65 or older or blind.)
These additional deductions are for you and your spouse only if the
standard deduction is used. These amounts are standard regardless
of income.

WHEN AND WHERE TO FILE. Estimated tax required from persons not
regarded as farmers or fishermen shall be filed on or before April 15 of
the taxable year, except if the above requirements are first met on or after
April 1 and before June 1, estimated tax must be filed by June 15; on or
after June 1 but before September 1, by September 15; and on or after
September 1, by January 15 of the following year. Individuals filing on a
fiscal year basis ending after December 31 must file on corresponding
dates.
Make check or money order payable to:
“Georgia Department of Revenue”
Payment should be mailed to:
Processing Center
Georgia Department of Revenue
PO Box 740319
Atlanta, Georgia 30374-0319
You may also pay estimated tax with a credit card. Visit our website
at dor.georgia.gov for more information.
HOW TO COMPLETE FORM 500 ES.
Complete the name and address field located on the upper right side of
coupon. Calculate your estimated tax using the schedule in the tax
booklet . Line 15 is your estimated tax for the year. Divide Line 15 by the
number of quarters of liability (see “When and Where to File” above) to
compute the amount to be submitted quarterly. Enter this amount on
Form 500 ES and submit to the Georgia Department of Revenue.
EXEMPTION AMOUNT FOR TAX YEAR 2024
Dependent Exemption..................................................................$3,000
(After 12/31/23, there are no more personal exemptions for self and
spouse if married or self if not married)

Maximum Retirement Income Exclusion:

If age 62-64 or less than 62 and permanently disabled..............$35,000
If age 65 or older.........................................................................$65,000

Maximum Military Retirement Income Exclusion:
If under the age of 62................................................................. $17,500
If under the age of 62 with earned income of
more than $17,500.................................................................... $35,000

Georgia Public Revenue Code Section 48-2-31 stipulates that
taxes shall be paid in lawful money of the United States, free of
any expense to the State of Georgia.

PLEASE DO NOT STAPLE. PLEASE REMOVE ALL ATTACHED CHECK STUBS.

Cut along dotted line

500 ES (Rev. 06/21/23)

Individual or Fiduciary Name and Address:

Individual and Fiduciary Estimated Tax
Payment Voucher

Calendar Year
or Fiscal Year Ending
Taxpayer’s SSN or Fiduciary FEIN

TYPE OF RETURN:
Spouse’s SSN

Tax Year

Quarter

Due Date

Vendor Code

040

PLEASE DO NOT STAPLE. REMOVE ALL CHECK STUBS.
Address Change

PROCESSING CENTER
GEORGIA DEPARTMENT OF REVENUE
PO BOX 740319
ATLANTA GA 30374-0319

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Amount Paid

$