Georgia Retirement Income Exclusion

The Georgia retirement income exclusion has been increased to $65,000 for those 65 and older for 2012 from $35,000 in 2011. For those aged 62 through 64, the  maximum exclusion remains at $35,000. Earned income such as wages has a separate limit of $4,000. This exclusion is also available to those less than 62 if they are permanently disabled and thus can't work. Social security is not included in the exclusion since it is not taxable at all by Georgia.