GA Retirement Exclusion 2012-2016

(770)228-0777

Georgia Retirement Exclusion 2012-2016

Update March 29, 2012: Georgia Legislature has passed reform legislation that Governer Deal is expected to sign which caps the retirement exclusion at $65,000.

In 2010 the GA legislature increased the income exclusion availble to retirees, 65 or older. For those 62 to 64, or permanently and totally disabled (any age), the current exclusion of up to $35,000 per year continues. The new law increases the exclusion for those 65 and older on the following schedule:

2012 - $65,000

2013 - $100,000  $65,000

2014 - $150,000  $65,000

2015 - $200,000  $65,000

2016 and after - Unlimited  $65,000

The exclusion includes up to $4,000 of earned income and all unearned income up to the limit. Unearned income includes retirement income, such as a pension or IRA, interest, dividend and capital gains, to name the most common.