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Are there incentives or tax breaks for retirees moving to Georgia?
Yes, Georgia offers retiree-friendly tax incentives that can make it more affordable to retire there:
- No tax on Social Security benefits.
- Generous retirement income exclusion for those 62+: a portion of pensions, IRAs, and 401(k) withdrawals can be excluded from state income tax (up to a set annual amount per person).
- No estate or inheritance tax, and relatively low property taxes compared with many states.
These breaks help stretch retirement income and can make Georgia an attractive financial choice for retirees.