All Georgia residents age 65 or older are eligible for the Retirement Income Exclusion of $65,000 on the Georgia state income tax return.
I am 64 and my wife is 62 and we both qualified for exclusion. Why?
@JEFrink83 wrote:
I am 64 and my wife is 62 and we both qualified for exclusion. Why?
Georgia residents age 62 thru age 64 are eligible for the Retirement Income Exclusion up to $35,000 for each taxpayer.
Hi, I turned 65 in July of 2024. Does this $65000 exclusion apply to my 2024 Georgia tax return?
@Gumlogtax wrote:
Hi, I turned 65 in July of 2024. Does this $65000 exclusion apply to my 2024 Georgia tax return?
Yes. Since you turn 65 in 2024 you are eligible for the $65,000 Retirement Income Exclusion on the 2024 Georgia state tax return.
Why isn't TurboTax including the retirement income exclusion for both my wife and me on our Georgia Tax return for 2024? It only includes it for me.
@Gumlogtax Your spouse would be eligible for her income (wages, Social Security, retirement) to be excluded if she was age 62 or older. What is her age in 2024?