What deductions may I take?

There is no standard deduction. There are no exemptions. The tax is assessed at a flat rate. Business and rental losses deducted from W-2 wages are not permitted. However, business and rental losses may be used to offset business and rental profits on the same return, for residents only.

Show All Answers

1. Does the City of Athens assess an income tax?
2. What is the tax rate?
3. Are all sources of income taxable?
4. If I live outside the Athens city limits, am I subject to the Athens city income tax?
5. Do I need to file a return if my business activity reported a loss for the year?
6. What deductions may I take?
7. How does the Athens City Income Tax Return differ from the Federal Income Tax Return?
8. What should I include with my return?
9. How do I submit an extension request?
10. When is my income tax return due?
11. Do I need to file an annual City of Athens income tax return?
12. How can I find out if I need to pay and file Athens City Income tax?