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southpaw0
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Moved to South Carolina in August 2017. I am on a pension and social security. How much tax should I have to pay?

 
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Moved to South Carolina in August 2017. I am on a pension and social security. How much tax should I have to pay?

It is hard to know without specific numbers.

Social Security income isn't taxed by South Carolina.

Pensions are taxed by the state, but there is a deduction of $3,000 if you are younger than 65 and $10,000 if you are older than 65. 

For more information, click on the Retirees and Seniors section of this link:

https://dor.sc.gov/tax/individual-income/faq

There is also general exemption on income of seniors over 65 of $15,000 which covers all types of income.

[edit 4/7/2018 7:15 AM PDT]

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Moved to South Carolina in August 2017. I am on a pension and social security. How much tax should I have to pay?

It is hard to know without specific numbers.

Social Security income isn't taxed by South Carolina.

Pensions are taxed by the state, but there is a deduction of $3,000 if you are younger than 65 and $10,000 if you are older than 65. 

For more information, click on the Retirees and Seniors section of this link:

https://dor.sc.gov/tax/individual-income/faq

There is also general exemption on income of seniors over 65 of $15,000 which covers all types of income.

[edit 4/7/2018 7:15 AM PDT]

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