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Retirement tax questions
For 2024, GA changed to a flat 5.39% rate on individual taxable income. If you are already subject to income tax on your other taxable income and you have no basis in nondeductible traditional IRA contributions, I would expect that your $15,000 traditional IRA distribution in 2024 would be subject to $809 of additional GA income tax.
‎December 5, 2024
5:33 AM