I've read about the Retirement Income Exclusion for GA and understand everything but can't find anywhere where it states WHEN you must be 62-64 or 65 or older. For example, I turn 62 in December this year (2019). Will I be able to exclude the $35,000 from my Pension Income for the 2019 tax year even though I was actually 61 for most of the year?
In Georgia, in my county (Cherokee Co), folks that are 62 also get relieved from paying the school portion of our property taxes. The rules for that, however, clearly state that one must be 62 at the beginning of the year.
If the same age rule applied to Retirement Exclusion I would have to wait until the 2020 tax year in order to qualify for the exclusion. I can't find the answer, even on the State of Georgia's DOR website.
