Q: Georgia recently passed a law under which people eventually will pay no taxes on retirement income. What is the year-by-year breakdown of the exclusion amount?
-- Joe Butler, Clarkston
A: Georgia Department of Revenue officials told Q&A on the News that the individual income tax retirement exclusion for taxpayers who are 65 or older is increased from the current $35,000 of retirement income to the following:
2012: $65,000
2013: $100,000
2014: $150,000
2015: $200,000
2016: Unlimited
Taxpayers ages 62-64 or who are under 62 years old but qualify because they are permanently and totally disabled remain entitled to the $35,000 individual income tax retirement exclusion, spokeswoman Karen Lashley-Lucas wrote in an e-mail.
Q: I recently noticed different mile marker signs on I-20 that include the interstate number, the direction and the mile number and new signs marking the half-mile. What was the cost of this project and are these signs going to be installed on Georgia’s other interstates?
-- Duke Claussen, Kennesaw
A: The enhanced mile markers are designed to provide better response to incidents and stranded motorists, Georgia Department of Transportation spokeswoman Jill Goldberg told Q&A on the News. They are spaced in urban area roads with median walls at 0.2-mile increments so motorists can accurately report their location, she wrote in an e-mail. Whole mile markers are on the shoulders. Markers are also being placed at half-mile increments on the shoulders of non-urban interstates to increase the frequency of landmarks to assist travelers. The cost ranges from about $800 to $1,400 per mile, depending on the location.
Lori Johnston wrote this column. Do you have a question about the news? We’ll try to get the answer. Call 404-222-2002 or e-mail q&a@ajc.com (include name, phone and city).
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