turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Oct 16 is the IRS deadline–file confidently with expert help. File Now
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

charles6
New Member

Georgia retirement exclusion

Which items are subject to this and how do I allocate amounts or percentages?
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
2 Replies

Georgia retirement exclusion

In TurboTax, all federally taxable IRA distributions, pensions, annuities, and Social Security are deleted from the state income tax return automatically if the taxpayer is a Georgia resident. See the Georgia website.

As you go through the Georgia interview in TurboTax, you should encounter a screen entitled "Here's the income that Georgia handles differently".

At the top of this screen, you will likely see "Retirement Income Exclusion Learn More".

The number to the right should be the sum of your IRA distributions, pensions, annuities, and Social Security that were taxable on the federal return and which was removed from Georgia taxable income. If it is not, go back to the federal return and make sure that each type of income was correctly entered.


ritaburd
Returning Member

Georgia retirement exclusion

I am trying to determine the impact of taking a 401K RMD for the 1st time in GA in 2019.  I would also like to determine the right amount of RMD withholding.  My understanding is that there is a $65K exclusion per individual for retirement income in GA.  So, are each of the following included in calculating the exclusion:  Social Security, Pension, 401K RMD?  Then, in 2019 any amount over $65K/individual (filing jointly) is taxed at $340 + 5.75% of the amount over $10K.  Right?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v