Income tax returns raise April collections by 24% in Georgia

Georgia News

FILE- This Feb. 13, 2019, file photo shows multiple forms printed from the Internal Revenue Service web page that are used for 2018 U.S. federal tax returns in Zelienople, Pa. If you don’t think you will be able to complete and file your taxes on time, request an extension. Filing an extension helps taxpayers avoid […]

ATLANTA (AP) – Georgia officials say a big increase in individual income tax payments helped boost the state’s overall tax collections by 24% in April.

A news release from Gov. Brian Kemp’s office Monday said Georgia collected $2.87 billion in total taxes last month. That’s an increase of more than $559 million compared to April 2018.

Georgia officials attributed the big jump to people paying $307 million in individual income taxes, nearly 49% more than a year ago. The state also reported income tax refunds decreased by $40 million, or 6.5%.

Businesses paying corporate income taxes forked over 28.7% more in April than the previous year, for a total of $310.4 million. Corporate income tax refunds also increased by 5.4%.

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