South Carolina Tax FAQs

• taxmOuth South Carolina Tax FAQs

South Carolina Tax Forms

• taxmOuth South Carolina Tax Forms

South Carolina Corporate Taxes

• taxmOuth South Carolina Corporate Taxes
• South Carolina Tax Rates & Brackets:
  
  5%> $0
  
• Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Unlimited)
• Throwback Sales?: N
• Foreign Tax Deductible?: N
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: 0.100%

South Carolina Tax Incentives and Credits

• taxmOuth South Carolina Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: N

South Carolina Individual Income Taxes

• taxmOuth South Carolina Individual Income Taxes
• South Carolina tax rates and brackets:
  
  0%> $0
  3%> $2,670
  4%> $5,340
  5%> $8,010
  6%> $10,680
  7%> $13,350
  
• Local Option IT Rate: None
• Federal Inc used as Base?: Y
• Standard Deductions: Single $5,450 / Joint $10,900
• Personal Exemptions/Credits (c): Single $3,500 / Joint $7,000 / Dependent $3,500
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

South Carolina Estate, Gift and Inheritance Taxes

• taxmOuth South Carolina Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

South Carolina Miscellaneous Taxes

• taxmOuth South Carolina Miscellaneous Taxes
• Gas Tax: 16.8 cents/gallon
• Diesel Tax: 16.8 cents/gallon
• Cigarette Tax: 7.0 cents/20 pack

South Carolina Pass-through Tax Treatment

• taxmOuth South Carolina Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

South Carolina Payroll Taxes

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• Unemployment Insurance Tax Index (TaxFoundation.org): #43

South Carolina Property Taxes

• taxmOuth South Carolina Property Taxes
• Median Tax Paid on Homes (Rank): $678 (#45)
• Median Value of Homes: $138,700
• Tax as % of Home Value (Rank): 0.49% (#44)
• Median Income of Homeowner: $54,466
• Tax as % of Income (Rank): 1.24% (#45)

South Carolina Sales and Use Taxes

• taxmOuth South Carolina Sales and Use Taxes
• State Rate: 6.00%
• County & City (Weighted Ave): 1.04%
• Combined State and Ave. Local Rates (Rank): 7.04% (#16)
• General Treatment of Services: Exempt
• Gasoline: Exempt
• Groceries: Taxable