Georgia State does not tax pension income for retirees starting age 62. Does that include the year I turn 62 or do I have to be 62 as of January 1 of the tax year?

Hi sunnieheil

Thank you for your question. Georgia is indeed tax friendly to seniors.

• Social Security income in Georgia is not taxed
• Withdrawals from retirement accounts and pensions (both public and private) in Georgia are only partially taxed
• Anyone over 65-years-old can deduct up to $65,000 of retirement income
• To be more specific:
• How much is the Georgia retirement income exclusion?

   
  Georgia allows taxpayers age 62-64 to exclude up to $35,000 or retirement income on their tax return. Taxpayers under age 62 and permanently disabled also qualify for the exclusion. Taxpayers age 65 or older can exclude up to $65,000 of their retirement income on their tax return.

 Please see this website: https://dor.georgia.gov/retirees-faq

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