2585963
Does Georgia exclude any/all of the Retired Public Safety Officer pension received from another state, under the age of 62? It has been reported as income on Federal Taxes.
Turbo Tax states "Income that is received from a public pension or retirement fund, program or system may be specifically exempted under federal law or treaty. The income must have been otherwise included in federal adjusted gross income."
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Per GA Department of Revenue: Taxpayers who are 62 or older, or permanently and totally disabled regardless of age, may be eligible for a retirement income adjustment on their Georgia tax return. Retirement income includes:
For married couples filing joint returns with both members receiving retirement income, the maximum adjustment for that year may be up to twice the individual exclusion amount. Retirement income exceeding the maximum adjustable amount will be taxed at the normal rate.
Appreciate it but I did read that on the GA website. There was discussion about law enforcement pensions being exempt but I need details. See the previous chat from turbo tax:
No, Georgia has nothing similar to what you’re asking about.
The closest you come is a subtraction from income available for disabled first responders, but their relevant income is from a Georgia source. See IT 511, Individual Income Tax 500 and 500EZ Forms and General Instructions, available at This Year's Individual Income Tax Forms | Georgia Department of Revenue for more information.
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