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Returning Member
posted Mar 9, 2022 7:55:16 AM

Teacher's Retirement Adjustment

Specific to Georgia State Taxes am I able to claim the "Subtractions of Teacher's Retirement System Distributions" deduction only in a single year or for multiple years?

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1 Replies
Expert Alumni
Mar 9, 2022 6:14:40 PM

The recovery adjustment may be used in multiple years if the entire contribution amount is not absorbed in one year by the Teachers Retirement System of Georgia distributed income.
 

Between July 1, 1987 and December 31, 1989, Georgia did not adopt conformity to federal law regarding deductions for contributions to the Teacher Retirement System of Georgia.


Georgia allows a subtraction from your retirement income equal to the contributions made from July 1, 1987 through December 31, 1989 that were not deductible by Georgia.


In TurboTax, the adjustment is entered in Teacher’s Retirement on the screen Here's the income that Georgia handles differently.
 

Learn more at Informational Bulletin IT 2010-06-15.