- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@Ligriv wrote:
The state of Georgia states that when a person reaches the age of 63 that they no longer have to pay state taxes. I have been using Turbo Tax for years and both me and my wife have passed the age of 65; however, Turbo Tax has been assessing us state taxes. How can that be addressed and corrected.
No, that is not correct. You still have to pay Georgia state income taxes but only if your income exceeds the Retirement Income Exclusion.
Retirement income and up to $4,000 of earned income is excluded from state taxation when you reach age 62 or older or are disabled.
Age 62 to 64 the exclusion amount is $35,000 per taxpayer. Age 65 or older the exclusion amount is $65,000 per taxpayer.
March 12, 2021
12:29 PM