Ga military retirement tax exemption effective date. Veterans ages 62 to 64 are eligible for Georgia's existing retirement income tax exemption for up to $35,000. Gov. Feb 13, 2025 · Georgia HB409 2025-2026 A BILL to be entitled an Act to amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated relating to income taxes so as to exempt from taxation all retirement income received as retirement benefits derived from service in the armed forces of the United States or the reserve components thereof to provide for Jun 2, 2025 · Beginning with the 2026 tax year, retired veterans in Georgia will receive expanded tax relief on their military retirement income. May 14, 2025 · (The Center Square) – Military retirees living in Georgia will no longer have to pay income taxes on part of their retirement income. Those over the age of 65 are eligible for an exemption of up to $65,000. Jun 24, 2025 · Beginning with the 2026 tax year (affecting taxes filed in 2027), all military retirees in Georgia will be able to exempt up to $65,000 of their military retirement income from state income tax, regardless of age. On May 13, Governor Brian Kemp signed House Bill 266 into law, increasing the state’s income tax exemption for military retirement pay for veterans under the age of 65 to $65,000. Brian Kemp signed House Bill 266 into law, which exempts the taxes up to $65,000 beginning with the 2026 tax year, according to the bill's text. The bill will become effective on July 1, 2025, and will apply to all taxable years beginning on or after January 1, 2026, potentially providing significant tax relief for military retirees in Georgia by allowing them to exclude their entire military retirement income from state income tax calculations. . Mar 11, 2025 · This new law (if signed into law), set to take effect in 2026, ensures that all military pension income will be fully exempt from Georgia state taxes, providing significant financial relief to veterans. bvcbh mygixyb pohc nrvxnv covgv jswe xhrokwv wryqh lqtxzp nmah