Some states let senior taxpayers exclude quite a bit of income before taxes kick in: up to $65,000 in Georgia, $31,110 in Kentucky, and $68,000 in Tennessee. New Jersey is phasing in a deduction that will allow married residents to exclude up to $100,000 of retirement income by 2020.
In Rhode Island, there is a $15,000 exemption on all retirement income up to $80,000 for singles and $100,000 for married couples.
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