Many Georgia Taxpayers to Receive Additional Refund By: Stacey Nickens Many Georgia taxpayers will be receiving a bonus refund this spring. Once you file your 2021 state income return, the Georgia Department of Revenue may send you a one-time refund of up to $500 for joint filers, $375 for head of household filers, or [...]
Understanding Georgia's Retirement Income Exclusion By: Stacey Nickens In Georgia, retirees and older individuals can shelter some of their income from state taxation. This retirement income exclusion is available to state residents who are 62 years and older as well as some disabled taxpayers. Georgia's retirement income exclusion allows qualified taxpayers to exclude certain [...]
Georgia ranks as one of the most tax friendly states for retirees. Georgia does not tax Social Security benefits and provides a deduction of $65,000 per person on all types of retirement income for those individuals 65 and older. Most counties within Georgia also provide for additional senior exemptions as a means to lower [...]
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