Yes if under certain circumstances
Retirement Income Exclusion https://dor.georgia.gov/retirement-income-exclusion
Taxpayers who are 62 or older, or permanently and totally disabled regardless of age, may be eligible for a retirement income adjustment on their Georgia tax return. Retirement income includes:
Income from pensions and annuities
Interest income
Dividend income
Net income from rental property
Capital gains income
Income from royalties
Up to $4,000 of earned income
For married couples filing joint returns with both members receiving retirement income, the maximum adjustment for that year may be up to twice the individual exclusion amount. Retirement income exceeding the maximum adjustable amount will be taxed at the normal rate.
See Form IT-511(https://dor.georgia.gov/documents/it-511-2015-individual-income-tax-booklet) to obtain the worksheet for calculating the maximum allowable adjustment.
