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Veterans Benefits - Tax Exemptions - South Carolina

Veterans in South Carolina are eligible for several tax exemptions. Brief descriptions of each exemption are provided below.

Income Tax Exemption on Retirement Pay:

Any person retired from the uniformed services or their surviving spouse, is allowed an exemption from the South Carolina State Income Tax of $3,000 until age 65. At age 65 $10,000 of retirement pay is exempt.

Tax Exemption for Compensation, Pension, Disability Retirement Pay, and Veterans Administration Payments:

Provides that federal tax exempt money received from pension or compensation provided by the U.S. Department of Veterans Affairs, or disability pay from the Armed Forces, will not be included in South Carolina tax.

Active Duty Pay Relevant to the South Carolina Department of Revenue and Taxation:

Non-resident armed services personnel who are legal residents of other States stationed within South Carolina by virtue of military orders are not subject to South Carolina income tax on their service pay. They are, however, subject to tax on any other income earned in South Carolina by spouses of service personnel.

Property Taxes (Homestead Exemption):

All persons who have been declared permanently and totally disabled by the Social Security Administration, U.S. Department of Veterans Affairs, other State or Federal agencies, are eligible for a homestead exemption in an amount set by the General Assembly. This also applies to persons over age 65.

Property Tax Exemption:

Provides that the dwelling in which a veteran resides, who has been rated as permanently and totally disabled by the U.S. Department of Veterans Affairs, may be tax exempt. The tax exemption may be transferred when purchasing another dwelling.

Specially Adapted Housing Exemption:

Provides for the exemption of state, county, and municipal taxes on the residence of veterans who have lost the use of their lower extremities or who have paralysis of one lateral half of the body resulting from injury to the motor centers of the brain.

Also see:

Veterans Benefits - Overview

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