2106: Employee Business Expense (2024)
Georgia · Georgia DOR · Used for tax years 2024
These Georgia Form 2106 instructions explain the treatment of employee business expenses and differences between federal and Georgia depreciation. Georgia will not provide Form 2106 for 2024 because it follows federal rules that eliminate employee business expenses for most taxpa
Who files this form
Georgia will not provide Form 2106 for tax year 2024. For 2024, Georgia follows the federal rules that eliminate employee business expenses for most taxpayers.
If you have depreciation differences covered by the text, report the adjustments on Form 500, Schedule 1.
What you'll need
For the depreciation adjustments described in the text, use Form 500, Schedule 1.
Common mistakes
- Looking for a Georgia Form 2106 for 2024: The note says Georgia will not provide this form for tax year 2024.
- Completing only one side of a depreciation adjustment: The note directs you to add back federal depreciation on Form 500, Schedule 1, under “other additions,” then recompute depreciation using Georgia’s rules and subtract the Georgia depreciation under “other subtractions.”
Questions people ask
Can most taxpayers claim employee business expenses for 2024?
No. For 2024, Georgia follows the federal rules that eliminate these expenses for most taxpayers.
Where do I report the depreciation differences described in the text?
Use Form 500, Schedule 1. Add back federal depreciation on the “other additions” line. Recompute depreciation using the Georgia assumptions in the text, then subtract that Georgia depreciation on the “other subtractions” line.
Does Georgia adopt federal bonus depreciation under Section 168(k)?
The text says Georgia has not adopted the 30%, 50%, and 100% bonus depreciation rules under Section 168(k).
What Section 179 amounts does the text list for 2024?
It lists a Georgia Section 179 deduction of $1,220,000 and a related phase-out amount of $3,050,000 for 2024. Georgia has not adopted the Section 179 deduction for certain real property.