turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

The Turbo Tax "state tax" for S.C. states the military retirement pay exemption for 2018 is $3,000.00 which is incorrect. The correct exemption for 2018 is $11,700.

Can Turbo correct this? If sot, how do I just process my Federal tax return and disregard processing the Turbo Tax state return?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
TomD8
Level 15

The Turbo Tax "state tax" for S.C. states the military retirement pay exemption for 2018 is $3,000.00 which is incorrect. The correct exemption for 2018 is $11,700.

Did you have other earned income besides the military retirement?

Military retirement deduction is limited to $11,700 for individual taxpayers under age 65.  Taxpayer must have other earned income, other than the military retirement, to take the deduction.

Taxpayers under age 65 with no earned income would only qualify for the $3,000 retirement deduction on line p.

https://dor.sc.gov/forms-site/Forms/SC1040Instr_2018.pdf , page 5

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

View solution in original post

4 Replies
TomD8
Level 15

The Turbo Tax "state tax" for S.C. states the military retirement pay exemption for 2018 is $3,000.00 which is incorrect. The correct exemption for 2018 is $11,700.

Did you have other earned income besides the military retirement?

Military retirement deduction is limited to $11,700 for individual taxpayers under age 65.  Taxpayer must have other earned income, other than the military retirement, to take the deduction.

Taxpayers under age 65 with no earned income would only qualify for the $3,000 retirement deduction on line p.

https://dor.sc.gov/forms-site/Forms/SC1040Instr_2018.pdf , page 5

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

The Turbo Tax "state tax" for S.C. states the military retirement pay exemption for 2018 is $3,000.00 which is incorrect. The correct exemption for 2018 is $11,700.

Thank you for very much this information. I do have other earned income such as a small retirement income from the Federal Employees Retirement System (FERS). I also have earned retirement income from Social Security benefits. Can I add these earned incomes to my S.C. state tax return in order to qualify for the military retirement deduction of $11,700. You advice/response will be greatly appreciated.

The Turbo Tax "state tax" for S.C. states the military retirement pay exemption for 2018 is $3,000.00 which is incorrect. The correct exemption for 2018 is $11,700.

Hi, I just read the DOR SC 1040 2018 instructions. It's very clear how to qualify for the exemption. I want to thank you so very much for your assistance.
TomD8
Level 15

The Turbo Tax "state tax" for S.C. states the military retirement pay exemption for 2018 is $3,000.00 which is incorrect. The correct exemption for 2018 is $11,700.

I want to thank you for your military career.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies