Georgia Retirement Taxes

[farrout48]

What is the IRA Required Minimum Distribution considered as for Georgia?   RMD is required for us 70+ retirees to withdraw from our IRAs each year and is taxed under Form 1040, Line 4a, IRA Distributions.  Is it part of the "retirement income" although it is not specifically stated as such?  It is not treated as Earned Income for Federal tax purposes.

[Critter-3]

Is it part of the "retirement income" although it is not specifically stated as such?  Yes it is.

It is not treated as Earned Income for Federal tax purposes.  That is correct. 

[DoninGA]

If you are age 65 or older on a Georgia state income tax return you are eligible for up to $65,000 in Retirement Income Exclusion.  The exclusion is for any taxable retirement/pension income reported on the federal return Lines 4b or 5b and taxable Social Security income reported on your federal tax return Line 6b.  The federal adjusted gross income from Line 11 flow to your Georgia return Form 500 Line 8.

[taxlady28]

Only the company who manages the IRA can tell you what your RMD is for each year.  It is determined by your age and the amount of money in your IRA.