You'll need to sign in or create an account to connect with an expert.
In 1981, Georgia enacted an income tax exclusion for retirement income received by taxpayers aged 62 years and over. Currently, taxpayers aged 65 and over may exclude up to $65,000, while those 62 to 64 (as well as those permanently and totally disabled) may exclude up to $35,000.
In 1981, Georgia enacted an income tax exclusion for retirement income received by taxpayers aged 62 years and over. Currently, taxpayers aged 65 and over may exclude up to $65,000, while those 62 to 64 (as well as those permanently and totally disabled) may exclude up to $35,000.
Does Georgia's definition of "retirement income" for this $35000 exemption include traditional IRA withdrawals? (will get 1099)
@teryan- wrote:
Does Georgia's definition of "retirement income" for this $35000 exemption include traditional IRA withdrawals? (will get 1099)
Yes, withdrawals from a Traditional IRA that are reported on a Form 1099-R would be included.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
scdjcdverizonnet
Level 2
zig1ha
New Member
Catee
Level 2
jefferssd
New Member
Shonda47
New Member