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March 27, 2024
Question

georgia retirement exclusion

  • March 27, 2024
  • 1 reply
  • 0 views

Turbo gave me the 65,000.00 georgia retirement exclusion. I'm not retired, but I am 66. I also took money from my 401K last year. I do gamble. I want to know if I am entitled to this deduction and Why? 

    1 reply

    DoninGA
    March 27, 2024

    All Georgia residents age 65 or older are eligible for the Retirement Income Exclusion of $65,000 on the Georgia state income tax return.

    March 27, 2024

    thank you.