South Carolina Trust Form For Disabled Veterans
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FAQ
Veterans with a 100% service-connected disability are eligible for a total exemption of property tax on their homes, as well as a homestead tax deduction of up to $50,000. Vehicle property taxes are also exempt for disabled veterans, and will be extended to their surviving spouse in the event of the veteran's death.
Beginning with tax year 2022, all military retirement pay is exempt from South Carolina Individual Income Tax. This exemption does not include any earned income cap. South Carolina joins more than two dozen states that do not tax military retirement.
Veterans with a 100% service-connected disability are eligible for a total exemption of property tax on their homes, as well as a homestead tax deduction of up to $50,000. Vehicle property taxes are also exempt for disabled veterans, and will be extended to their surviving spouse in the event of the veteran's death.
Income Tax Exemption on Retirement Pay Any retired member of the armed forces or their surviving spouse shall be exempted from the S.C. State Income Tax of $3,000 until age 65. After 65, $10,000 of retirement pay is exempt.