Grand Strand Chapter of the Military Officers Association of America |
SOUTH CAROLINA VETERANS FINANCIAL BENEFITS
Active Duty Income Tax
Active duty pay is taxable. Reserve & National Guard drill pay is not taxable.
Retired Pay Income Tax
South Carolina is phasing in an increase in the amount of retired pay you can deduct from your total taxable income. The rates are as follows:
|
SC Retired Military Pay Exemption |
||
|
Tax Year |
Retirees Under 65 |
Retirees 65 and Older |
|
2017 |
$8,800 |
$21,000 |
|
2018 |
$11,700 |
$24,000 |
|
2019 |
$14,600 |
$27,000 |
|
2020 |
$17,500 |
$30,000 |
Did You Know :
Veterans are eligible for discounted or even free Internet service and computers. Take a look at the guide here:
https://www.inmyarea.com/resources/guide-internet-for-military-members-veterans
Some Important Benefits Links:
As a major component of the Military Health System, TRICARE combines the health care resources of the uniformed services with networks of civilian health care professionals, institutions, pharmacies and suppliers to provide access to high-quality health care services while maintaining the capability to support military operations.
TRICARE DENTAL ANNOUNCEMENT
Here is a link to an important announcement for those who currently have dental coverage through the Tricare Retiree Dental Program.....it is drastically changing before the end of the year.
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MOAA Travel
Gain access to exclusive military and government travel discounts!
Plus, get a coupon towards you first trip! Government Vacation Rewards has more military & government discounts than anybody. Plus receive coupons, onboard credits, FREE nights, and more... Book your trip online or call one of our U.S. based vacation consultants to help you with all your travel needs. Traveling has never been this easy. No stress. No hassle. Just an amazing, relaxing, vacation experience.
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http://www.moaa.org/Content/Benefits-and-Discounts/Exclusive-Discounts/Exclusive-Discounts.aspx
