Income Tax South Carolina

We can also see the progressive nature of south carolina state income tax rates from the lowest sc tax rate bracket of 0 to the highest.
Income tax south carolina. Individual income tax rates. South carolina tax deductions income tax deductions are expenses that can be deducted from your gross pre tax income. The state also has some of the lowest property and gas taxes in the country but its total sales tax when including local rates ranks in the top 20 of u s. While south carolina s top income tax of 7 is one of the highest in the country the bottom rate 0 is the lowest.
Looking at the tax rate and tax brackets shown in the tables above for south carolina we can see that south carolina collects individual income taxes similarly for single versus married filing statuses for example. Your average tax rate is 22 00 and your marginal tax rate is 36 65 this marginal tax rate means that your immediate additional income will be taxed at this rate. South carolina accepts the adjustments exemptions and deductions allowed on your federal tax return with few modifications. If you make 55 000 a year living in the region of south carolina usa you will be taxed 12 103 that means that your net pay will be 42 898 per year or 3 575 per month.
South carolina tax brackets 2019 2020. South carolina has a simplified income tax structure which follows the federal income tax laws.