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Atlanta: One Of The Best Capital Cities To Live In

Author Jeff Gorra

It used to be that the capital city in your state was viewed as a place you visit. Whether it was for a school trip, sporting event, or to tour a landmark or museum. However, WalletHub recently detailed that capital cities have now become great places to live, and Atlanta ranked as one of the best.

“State capitals theoretically should demonstrate the very best of what the state has to offer,” says WalletHub Analyst, Cassandra Happe.

In order to determine which state capitals are also great places to live in 2024, WalletHub studied four major areas. They are affordability, economic well-being, quality of education and health, and quality of life. Then, over these four categories, 48 different metrics were evaluated.

Atlanta Ranked As The 5th Best Capital City To Live In

Finishing slightly behind Boise, Idaho, and ahead of Lincoln, Nebraska, Atlanta by the numbers is clearly one of the most attractive capital cities to live in. Overall quality of life and economic well-being were the categories that produced the best results. In fact, quality of life was Atlanta’s best-evaluated area, as the 6th best capital city in the country on this metric.

Here are a few other impressive results from WalletHub’s study. Atlanta has a high percentage of adults with a bachelor’s degree or higher. In addition, Atlanta (tied with Denver, Austin, and Honolulu) had the most restaurants per capita of all the capitals. Lastly, it appears the big city is a place where young professionals are moving into. Only Boston, Austin, and Denver rated higher in terms of a place where millennials are moving into.

A local real estate organization called the Skye Group recently detailed the most up-and-coming neighborhoods. They said, “As the city continues to grow and evolve, certain neighborhoods are catching the attention of homebuyers and investors alike.” They then stated that West Midtown and Summerhill were the top two residential neighborhoods in Atlanta that were gaining popularity.

Tax Deductions and Credits That Could Save You Big

Tax season is truly in full swing. Tax deductions and credits are there to help people, so why not take the help? It might seem like a headache having to go through a long list of possible deductions, but it’s really not so bad. I’ve gathered some information directly from the IRS to help you save this tax season. So, let’s get into the dollars and cents.

Before we get into the savings, let’s look at how credits and deductions work. According to the IRS, “You can claim credits and deductions when you file your tax return to lower your tax. Make sure you get all the credits and deductions you qualify for.”

The definition of a credit, according to the IRS, is “an amount you subtract from the tax you owe. This can lower your tax payment or increase your refund.” They note that some credits are refundable. That means “they can give you money back even if you don’t owe any tax.” If you want to claim credits, you must answer questions in your tax filing software. Or, if you’re doing taxes the old-fashioned way, you’ll have to fill out a form and attach it.

The definition of a deduction, according to the IRS, is “an amount you subtract from your income when you file so you don’t pay tax on it. By lowering your income, deductions lower your tax.” In order to do this, you have to have documents to show expenses or losses you want to deduct. You can do this via tax software or, if you’re filing a paper return, your deductions go on Form 1040 and you may need to attach extra forms.

Now, the fun part. Read on for tax deductions and credits that could save you cash this season. Here’s hoping that Uncle Sam treats you well.

  • Standard deduction amounts

    The standard deduction for 2023 is $13,850 for single or married filing separately; $27,700 for married couples filing jointly or qualifying surviving spouse; and $20,800 for head of household. “If you’re married filing separately, you can’t take the standard deduction if your spouse itemizes. You must both choose the same method,” the IRS says.

    To find the standard deduction if you’re over 65 or blind, go here. To find the standard deduction if you’re a dependent on someone else’s tax return, go here.

    Investors are calculating profits and costs with calculators, growth and investment chart analysis, business planning and strategies to maximize sales profits. Long term business plan.

    Getty Images / Thapana Onphalai

  • Deductible expenses whether you take the standard deduction or itemize

    According to the IRS, you can deduct these expenses whether you take the standard deduction or itemize:

    Alimony payments
    Business use of your car
    Business use of your home
    Money you put in an IRA
    Money you put in health savings accounts
    Penalties on early withdrawals from savings
    Student loan interest
    Teacher expenses
    For some military, government, self-employed and people with disabilities: work-related education expenses
    For military servicemembers: moving expenses

    Tax deduction planning concept. Businessman calculating business balance prepare tax reduction. taxes paid by individuals and corporations such as VAT, income tax and property tax.

    Getty Images / Shutthiphong Chandaeng

  • Deductible expenses if you itemize

    According to the IRS, you can deduct these expenses if you itemize:

    Bad debts
    Canceled debt on home
    Capital losses
    Donations to charity
    Gains from sale of your home
    Gambling losses
    Home mortgage interest
    Income, sales, real estate and personal property taxes
    Losses from disasters and theft
    Medical and dental expenses over 7.5% of your adjusted gross income
    Miscellaneous itemized deductions
    Opportunity zone investment

    Amount you owe line on income tax return forms, cash money and calculator. Federal tax return, income tax, tax refund and payment concept.

    Getty Images / JJ Gouin

  • Frequently asked questions

    Tax season can be a confusing time. There are lots of bits and piece that you have to put together. That said, the IRS has a very helpful page with frequently asked questions. Find the list of questions and answers here. As always, it’s also a good idea to get a professional to help with any questions.

    Young woman working with tax form.

    Getty Images / alfexe

Jeff Gorra is a Boston-based writer who has been with Beasley Media Group since the beginning of 2023. He writes about restaurants and food, as well as sports and rock music. His experience also includes show hosting and in-depth creative writing in rock and reggae dub music. Jeff’s an avid surfer, New York Giants, and Pearl Jam fan, however, if you make unforgettable pizza, he is sure to find you.

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