If you're turning 65, South Carolina has a deal for you, in fact lots of them.
In the year you turn 65 you can deduct $15,000 from your taxable income for the year and a married couple, if each spouse is 65, can deduct $30,000 which would save the couple up to $2100 in state income tax. And SC does not tax Social Security payments as some states do.
Next is a break on property taxes, over 65 and there's no tax on the first $50,000 of a home's value; the same break available to the blind and permanently disabled. The home must be one's legal residence and the homeowner must file an application with the county auditor's office. A savings of around $300.
At 65 you pay $20 for your annual vehicle registration instead of $24, small change, but every little bit helps. An annual pass for SC state parks, the Palmetto Passport is half price at $37.50 and can be purchased at any park office.
If you want to return to school, state supported colleges and technical schools must offer low or no cost classes for retired seniors on a space available basis, usually starting at age 60.
Discounts are also offered at many businesses, museums and attractions--just ask.
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