South Carolina is one of the most retirement-friendly states in America. There are many retirement benefits available in South Carolina to retiree residents. If you are a South Carolina resident, these benefits may apply to you:
If you are 65 and older and lived in your house for at least one year, you are entitled to the Homestead Tax Exemption. This program exempts the first $50,000 of the value of your home from all property taxes. This also applies to property held in revocable trust, and is extended to a surviving spouse 50 years or older.
One of the best retirement benefits available in South Carolina is a $15,000 deduction from taxable income for taxpayers 65 years of age and older is available. Taxpayers under age 65 may exclude from taxes $3,000 of their qualified retirement income annually. At age 65, the deduction may be applied to any income up to $15,000.
When you hire Jan and Dan, you get a team of professional real estate agent diligently working together on your behalf. They are knowledgeable and experienced professionals you can trust to best represent your interests in our unique market.