Military Retirement Income Tax Exemption
Military Retirement Income Tax Exemption
Georgia veterans who retired from the military pay less in state income taxes on their military retirement pay.
Details
Georgia veterans who retired from the military pay less in state income taxes on their military retirement pay. Veterans under 62 can exclude up to $17,500 (with an additional $17,500 if they have $17,500+ of earned income); ages 62-64 exclude up to $35,000; age 65 and older exclude up to $65,000. Starting in the 2026 tax year, HB 266 expands the under-65 exemption to $65,000.
Restrictions
HB 266 signed May 13, 2025 by Governor Kemp expands the exemption to $65,000 for those under 65 starting tax year 2026. Married couples may both claim if both receive military retirement pay.
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