Question

Was the Georgia retirement exclusion included in the calculation?

Forum|Forum|7 years ago
June 6, 2019
1 reply
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My wife and I are both age 63. She received $6809 in Social Security benefits in 2016. I still work, made $33,204 pre-tax income and withdrew &17,871 from 401-K. Do we qualify for the Georgia Retirement Exclusion? If so, to what extent? Bulldogs2017

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SweetieJean

Employee

Look at your GA Form 500, Schedule 1 Line 7.

https://dor.georgia.gov/sites/dor.georgia.gov/files/related_files/document/TSD/Form/2016_IT-511_Book...

https://dor.georgia.gov/retirement-income-exclusion

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SweetieJean

Employee

Social security and railroad retirement paid by the Railroad Retirement Board, exempt interest, or other income that is not taxable to Georgia should not be included in the retirement income exclusion calculation.