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Georgia Department of Revenue gave my retired husband a $35000 income exemption ? Is that legit?

 
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Georgia Department of Revenue gave my retired husband a $35000 income exemption ? Is that legit?

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.

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Georgia Department of Revenue gave my retired husband a $35000 income exemption ? Is that legit?

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.

teryan-
New Member

Georgia Department of Revenue gave my retired husband a $35000 income exemption ? Is that legit?

Does Georgia's definition of "retirement income" for this $35000 exemption include traditional IRA withdrawals? (will get 1099)

 

Georgia Department of Revenue gave my retired husband a $35000 income exemption ? Is that legit?


@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.

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