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Working on state ga. return. need to allocate income for myself and spouse for the ga. retirement exclusion. do I allocate amounts from our total income?

husband is still working fulltime and drawing social security - I am retired with social security as only income.
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1 Reply
AmyC
Expert Alumni

Working on state ga. return. need to allocate income for myself and spouse for the ga. retirement exclusion. do I allocate amounts from our total income?

Retirement income exclusion is based on each person's income.

Income from property jointly owned must be split 50% each. 

Up to $4,000 of the maximum allowable exclusion may be earned income.

  • Up to $35,000 for taxpayers 62-64 years of age or
    • Less than 62 and permanently disabled
  • Up to $65,000 if the taxpayer is 65 or older
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