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January 16, 2025
Question

Georgia military retirement income tax break. I think your system is misinterpreting the wording

  • January 16, 2025
  • 3 replies
  • 0 views
I am under 62 years old and make over 17K in military retirement income and have a normal 9-5 job. The Georgia VA website states nothing about my income being a factor to receive the exemption

    3 replies

    DaveF1006
    January 18, 2025

    To clarify, what is your issue.

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    DoninGA
    Employee
    January 18, 2025

    Military Retirement Income Tax Exemption

    Veterans who retired from the military and are under 62 years of age are eligible for an exemption of up to $17,500 of military retirement income. An additional exemption of up to $17,500 is available for veterans under 62 who have at least $17,500 of earned income. 

    Veterans ages 62 to 64 are eligible for Georgia's existing retirement income tax exemption for up to $35,000.

    Those over the age of 65 are eligible for an exemption of up to $65,000.

     

    https://veterans.georgia.gov/military-retirement-income-tax-exemption

    February 26, 2025

    I'm having the opposite problem. It appears Turbo tax is giving me the exemption even though I am over 62.

    DoninGA
    Employee
    February 26, 2025

    @Pejnovic wrote:

    I'm having the opposite problem. It appears Turbo tax is giving me the exemption even though I am over 62.


    Being age 62 thru age 64 you are eligible for the Georgia Retirement Income Exclusion of up to $35,000 per taxpayer.  Pension income of any type is excluded income.