Page 49 - Central Savannah River Area - Seniors Resource Directory

AGE 55 Automobile insurance credit is mandated for persons who are 55 years of age or older and have
successfully completed a driver training course approved by the Department of Public Safety. Contact local
55 Alive program through AARP.
Call 1-888-227-7669.

NO AGE RESTRICTIONS FOR THE FOLLOWING:
Social Security Social Security income is not taxed on your South Carolina income tax return. Retirement
Income Prior to reaching age 65, taxpayers may exclude annually $3,000 of their retirement before calculating
their taxable income (SC Code 12-6-1140). Once taxpayers reach age 65, they may exclude $15,000 of income
from any source, including qualified retirement plans, IRAs, government pension plans, Keogh plans and
private sector pensions. Total deductions cannot exceed $15,000. (The $15,000 total deduction may also be
claimed on any source of income, not just retirement income.) Dependent Care Credit Families caring for an
elderly relative in their home who must hire caregivers in order to work may deduct up to 7% of the amount
claimed on their federal income tax against their state income tax. (Code 12-6-3380)
Home Care or Nursing Home Credit Tax credit of 20%, not to exceed $300, of expenses paid for intermediate
or skilled care to an institution is allowed. A credit of 20% on expenses, up to $300 annually, is allowed on
state income tax for nursing home care at home or in a licensed institution. (Code 12-6-3390)
Other Tax Issues To be exempt from home and vehicle property taxes, you must first file an application
through the South Carolina Department of Revenue.
Please check the S.C. Department of Revenue website, www.dor.sc.gov, for changes in the state’s tax laws
each year. You can also call the Department of Revenue main number at 803-898-5000 or toll free at
1-844-898-8542.

We also recommend that you contact a tax professional if you are in doubt about a tax issue or procedure.

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