Retirees - FAQ

  • Does Georgia tax Social Security?

    No. Taxable Social Security and Railroad Retirement on the Federal return are exempt from Georgia Income Tax. The taxable portion is subtracted on schedule 1 of Form 500.

  • Does Georgia offer any income tax relief for retirees?

    Yes. A retirement exclusion is allowed provided the taxpayer is 62 years of age or older, or the taxpayer is totally and permanently disabled. Retirement income includes items such as: interest, dividends, net rentals, capital gains, royalties, pensions, annuities, and the first $4000.00 of earned income. Earned income is income from a trade or business, wages, salaries, tips, or other compensation. Refer to the instruction booklet for the amount of the exclusion and for additional information.

  • Can both my spouse and I qualify for the retirement exclusion?
    Yes, but each must qualify separately.
  • I am a part-year or nonresident. Am I allowed to take the retirement exclusion?
    Part-year residents and nonresidents must prorate the retirement exclusion. Please see the Form IT-511 instruction booklet for more information.