South Carolina Governor Henry McMaster signs the bill into law exempting military retirement pay from income tax.
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COLUMBIA, SC – With Governor Henry McMaster signing H. 3247 into law on Friday, May 13, South Carolina is now one of more than three dozen states that exempt military retiree pay from taxation.
The law is effective beginning tax years after 2021 making military retirees pay 100 percent exempt from state income tax with no earned-income cap. Prior to the passage of the bill, a portion of a military retiree’s income was taxed with only partial exemptions in place.
Columbia (Keys 2 Key Realty SC) or Augusta (LoKation Realty GA) are Places you can call home. All military retiring service men and women, as you consider a place to retire consider, South Carolina. Centrally located for weekend trips to Atlanta GA, Miami FL, Charlotte NC, and Charleston SC. Mountains, hiking trails, beaches, and more. I understand the process and pains of having to relocate the family to an unfamiliar place as a transplant due to the military. I am honored to serve you as you have served our country.
If you are interested in purchasing in SC, NC, or GA? Contact Keys 2 Key Realty LLC. Providing excellent customer service to you for all your real estate needs. Take a moment to complete the form and we will contact you within the hour. Thank you for your service.
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Active duty or retired military family and spouses we are here to serve those who served us.