If you live in the state of Georgia, there is some good news if you have past due taxes for the 2020 calendar year. The Georgia Department of Revenue has lowered the interest rate for interest bearing refunds and past due taxes to 7.75%. This is down from 8.5% for 2019.

If you have questions, please contact Andrew Beauchamp at abeauchamp@rushtonandcompany.com or (770)287-7800. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!