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.

Why or where does turbo Tax allow this entry? S.C. income tax deduction of up to $15,000 against any taxable income of a individual 65 or older in tax year. 

South Carolina Code §12-6-1170(B) provides an income tax deduction of up to $15,000 against any South Carolina taxable income of a resident individual who is 65 or older by the end of the tax year. The following requirements apply to this deduction:  Amounts deducted as retirement income under South Carolina Code §12-6-1170(A) reduce this $15,000 deduction.  Amounts deducted as a surviving spouse under South Carolina Code §12-6-1170(A) do not reduce this $15,000 deduction.  Taxpayers’ filing a joint return are allowed a deduction of up to $15,000 when only one spouse is 65 or older, and up to $30,000 when both spouses are 65 or older, by the end of the tax year.
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 Reply
BillM223
Employee Tax Expert

Why or where does turbo Tax allow this entry? S.C. income tax deduction of up to $15,000 against any taxable income of a individual 65 or older in tax year. 

The up-to-$15,000 retirement deduction in South Carolina Code §12-6-1170(B) appears on line 3q on form SC1040.

 

In the input (the screenshot is from the CD/download product - Online may be different), you will see this screen:

 

 

If you think the size of the deduction should be different, correct it here.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question