Does Georgia tax pensions and retirement income?
Taxed, with a retirement exclusion
Partly. Georgia's retirement income exclusion is up to $35,000 at ages 62 to 64 (or younger and permanently disabled) and up to $65,000 at 65 or older, per person. It covers pensions, annuities, interest, dividends and other retirement income.
In the state's own words
Copied word for word from the official documents linked below each quote:
“A retirement exclusion is allowed provided the taxpayer is 62 years of age or older, or the taxpayer is totally and permanently disabled.”
“*If age 62-64 or less than age 62 and permanently disabled enter $35,000, or if age 65 or older enter $65,000.”
Details worth knowing
- Each spouse must qualify separately. Social Security is not part of the calculation because Georgia does not tax it.
And Social Security?
No. The Social Security that is taxed on your federal return is exempt from Georgia income tax. The Georgia Social Security page quotes the rule.
Federal tax still applies
Whatever Georgia does, pensions, annuities and traditional IRA or 401(k) withdrawals are generally taxable on your federal return. See the federal tax brackets and, if you are 73 or older, the required minimum distribution calculator.
State rules change, and the details (age limits, income limits, which plans qualify) matter. Check with the Georgia Department of Revenue before you file or move.
Other states in the same group
Check our work
The answer above comes from these documents. Follow the link and compare.
- Retirees FAQGeorgia Department of Revenue. Read on November 12, 2026.
- 2025 IT-511 Individual Income Tax BookletGeorgia Department of Revenue. Read on November 12, 2026.