Is State of Georgia retirement pension exempted?

[MR_ED · Accepted solution]

No. All pensions are taxable in Georgia, however if the person receiving the pension is age 62 or older they are entitled to the Georgia retirement exclusion and the pension in one of many types of income that can be excluded. For people age 62-64 the exclusion is up yo $35,000 and for those 65 and older the exclusion is up to $65,000, so you see that while pensions are taxable, part or all the income may be excluded if the person qualifies.

TT notes your age and handles the exclusion automatically.

[DoninGA]

If you are under the age of 62 and not permanently disabled than all income that you receive is taxable on a Georgia state income tax return.

If age 62 or older then you are eligible for a Retirement Income Exclusion as a Georgia resident.  If you are 62-64 years of age (or less than 62 and permanently disabled), the maximum retirement income exclusion is $35,000. For taxpayers 65 or older, the retirement exclusion is $65,000.