Best Tax Lawyers Mount Pleasant, SC

Mount Pleasant, SC Tax FAQs

• Where does the Tax Court hold trial sessions closest to Mount Pleasant, South Carolina?

  The Tax Court that holds trials closest to Mount Pleasant is located in Columbia, with the address at Room 250, Strom Thurmond Federal Building, 1835 Assembly Street. You may also check your notice for any information about your assigned tax court.

• Where is the low-income taxpayer clinic that is closest to Mount Pleasant, South Carolina?

  The low-income taxpayer clinic closest to Mount Pleasant is the South Carolina Legal Office located at 2803 Carner Avenue, North Charleston, SC 29405. You may contact their office at 843-720-7044.

• Will you be qualified for a homestead tax exemption if you are already 68 years old in Mount Pleasant?

  Yes, you may qualify for a homestead tax exemption in Mount Pleasant if you are already 68 years old. Under Charleston County requirements, an individual should be at least 65 years old or have been certified as permanently disabled and is a legal resident of South Carolina for at least 1 year before December 31st. You also need to be approved to get the 4% legal residence tax assessment ratio.

• Do you have to shoulder any inheritance tax in Mount Pleasant?

  No, you do not have to worry about inheritance tax in Mount Pleasant due to the fact that the state of South Carolina does not impose any state-level inheritance tax. However, federal inheritance tax, or estate tax, may still be applicable to eligible properties that are valued above $12.92 million.

• If you are a veteran in Mount Pleasant disabled by combat duty, are you entitled to income tax exemption?

  If you are a military veteran in Mount Pleasant disabled by combat duty, the state of South Carolina does not impose taxes on much of your benefits. According to state tax laws, your Military Disability Retirement Pay which comes as a pension is not considered taxable income. Also included in the exemption are the grants intended for house renovation and customized motor vehicles for veterans who are PWD and living in a wheelchair.

• Are you eligible for property tax exemption if you are a military veteran in Mount Pleasant?

  Yes, if you are a former POW, a Medal of Honor recipient, and a disabled military veteran in Mount Pleasant, you may be eligible for a property tax exemption. For veterans with service-connected disablement, a total of five acres are exempted from the property taxes and can be transferred to an unmarried surviving spouse. For Medal of Honor and former POWs, a total of one acre is exempted from taxes.

• Are charitable remainder trusts in Mount Pleasant accepted in the state of South Carolina?

  Yes, charitable remainder trusts in Mount Pleasant are accepted in South Carolina. One of the benefits of charitable remainder trusts is you can transfer assets such as gold, cash, real estate properties, and business interests. You can also donate a part of the proceeds of your trust to charity or reinvest the gains into another financial instrument.