I am 60. My wife of 37+ years is 63. I just read this on the Turbo-Tax Georgia state filing info:
- Retirement income up to $35,000 ($70,000 if married filing jointly) for individuals permanently disabled or aged 62 to 64. Taxpayers 65 years of age or older may exclude up to $65,000 ($130,000 if married filing jointly) of retirement income. If married filing jointly, each spouse must qualify separately. Up to $4,000 of the exclusion can be earned income.
My military pension is taxable under Georgia law. Can I exclude up to $70,000 of this based on my wife's age or do I have to reach age 62 first? Or can I exclude half that amount based on her age. I GUARANTEE if we were ever to get a divorce, she'd get half of it!!
