Article: 50218
Overview
The Georgia Retraining Tax Credit is a state income tax incentive designed to help Georgia businesses offset the cost of retraining employees when new equipment, technology, or operating systems are introduced in the workplace. This credit promotes continued workforce development and assists businesses in sustaining a competitive advantage by investing in employee skill enhancement.
Reporting Georgia Qualified Retraining Tax Credit
To report the Retraining Tax Credit on your Georgia state return, you will need to complete the GA – Retraining Tax Credit form within your tax software.
Steps to Add the Retraining Tax Credit Form
- Go to the State taxes section.
- Select I’d like to see the forms I’ve filled out or search for a form.
- In the drop list, select Georgia.
- Select the Credits tab.
- Select Retraining Tax Credit to add and open the form.
- Complete the form with your applicable information. Then select the CR4 Credit Entry link and complete the screen.
- Click Save to apply changes.
Further Information
For more information about the Retraining Tax Credit and how it applies to Form GA 500, refer to the following official resources: