The net amount of your retirement benefit may increase starting with your June 30, 2026, payment.

This is due to Governor Kemp signing House Bill (HB) 463. The changes in HB 463 include:

• The Georgia income tax rate has been reduced from 5.19% to 4.99%
• The standard deductions have increased to $30,000 for taxpayers filing Married Filing Jointly and $15,000 for Single, Head of Household, and Married filling Separate taxpayers
• The dependent deduction has raised from $4,000 to $5,000

More information regarding HB 463 and the income tax cut can be found here.

ERSGA cannot provide tax counseling. Questions about your taxes should be directed to your personal tax advisor, the IRS, or the Georgia Department of Revenue.