Retirement tax questions

No. All pensions are taxable in Georgia, however if the person receiving the pension is age 62 or older they are entitled to the Georgia retirement exclusion and the pension in one of many types of income that can be excluded. For people age 62-64 the exclusion is up yo $35,000 and for those 65 and older the exclusion is up to $65,000, so you see that while pensions are taxable, part or all the income may be excluded if the person qualifies.

TT notes your age and handles the exclusion automatically.

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