South Carolina State Income Tax
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South carolina tax brackets 2019 2020.
South carolina state income tax. 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. Unlike the federal income tax south carolina s state income tax does not provide couples filing jointly with expanded income tax brackets. The standard deduction which south carolina has is a deduction that is available by default to all taxpayers who do not instead choose to file an itemized deduction essentially it translates to 12 000 00 per year of tax free income for single south carolina taxpayers and 24 000 00 for those filing jointly. Estimated tax payment may be filed quarterly on april 15 june 15 september 15 and january 15.
South carolina has a simplified income tax structure which follows the federal income tax laws. Your federal taxable income is the starting point in determining your state income tax liability. The south carolina department of revenue is responsible for publishing the latest. The south carolina state tax tables for 2020 displayed on this page are provided in support of the 2020 us tax calculator and the dedicated 2020 south carolina state tax calculator we also provide state tax tables for each us state with supporting tax calculators and finance calculators tailored for each state.
Those tax rates apply to south carolina taxable income which is equal to your federal taxable income with a few exceptions the following commonly claimed federal itemized deductions cannot be claimed in south carolina and must be added back to south carolina taxable income. State and local taxes out of state losses expenses related to reserve income and interest income. In keeping with the security objectives of the scdor the following browsers are currently supported by our website. The state income tax is due on april 15.
South carolina collects a state income tax at a maximum marginal tax rate of spread across tax brackets. You can learn more about how the south carolina income. 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. Individual income tax rates.
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