For state income tax purposes, can an individual 65 years or older, deduct $10,000 or $15,000 from their South Carolina taxable income?

[GIZMO2020]

Reference South Carolina code 12-6-1170(a) South Carolina code 12-6-1170(b). Some of my income is from a qualified retirement account.

[MayaD]

• Retirement Income Tax Deduction: An individual taxpayer receiving income from a qualifying retirement account may deduct up to $10,000 annually after reaching age 65.
• Age 65 and Older Income Tax Deduction: Beginning in the tax year a resident taxpayer reaches age 65, they may claim a deduction of $15,000 against any South Carolina income. If you claim the Retirement Deduction (mentioned above) or the Military Retirement Deduction, you must subtract those amounts from this deduction, unless claiming those deductions as a surviving spouse.

Take this deduction on Line q of your Individual Income Tax return.

SC Department of Revenue