That appears doable.
The SS exemption is already there.
For "most types" would that be both pension and tIRA withdrawals (cells D31 and D32 on the Calculations tab)? Anything else?
If MFJ, do the $35K/$65K apply individually by age, or by the age of the oldest?
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Here is the most complete answer I could find. I have to admit I find the sentence under Individual Retirement Accounts confusing. I’ll try to find an answer.
2019 UPDATE for 2018 Tax Yead
Does Georgia tax Social Security?
No The Taxable Social Security and Railroad Retirement amount shown on the Federal return are exempt from Georgia Income Tax. The taxable portion shown on the Federal return 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.
Individual Retirement Accounts.
The provisions concerning taxability and conversion from a traditional IRA to a Roth IRA are the same for Georgia and the Internal Revenue Service.
Georgia does not tax Social Security retirement benefits and provides a deduction of $65,000 per person on all types of retirement income for anyone 64 or older.
The Sick pay (that was mentioned in the opriginal question) on the W-2 would not appear to be relevant to discussion of Retirement Income. The Social Security Disability benefit - that is not clear in Georgia documentation.
For married couples filing joint returns with both members receiving retirement income, the maximum adjustment for that year may be up to twice the individual exclusion amount. Retirement income exceeding the maximum adjustable amount will be taxed at the normal rate.
When calculating Georgia income taxes, both Georgia pensions and out-of-state pensions count as sources of income, which means these funds are subject to taxation. Georgia offers a large retirement exclusion, which allows you to deduct a portion of your retirement income from your taxable income to help lower your tax burden. As of 2015, you can deduct up to $35,000 of retirement income if you are between the ages of 62 and 64 or permanently disabled. At age of 65, you can deduct up to $65,000.
If you are married, both you and your spouse can qualify for this deduction, but you must qualify separately based on age or disability.
Georgia Dept of Revenue: Retirement Income Exclusion
Taxpayers who are 62 or older, or permanently and totally disabled regardless of age, may be eligible for a retirement income adjustment on their Georgia tax return. Retirement income includes:
Income from pensions and annuities
Interest income
Dividend income
Net income from rental property
Capital gains income
Income from royalties