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Under the plan put forward Friday, the state’s top income tax rate will go down to 6.2% this year. The income tax cut will cost the state about $99.5 million a year.
That plan was the original house plan. But when the final budget was put together, the state employee raise was set at $1,125 for any state employee earning $50,000 or less. Those earning more ...
The non-refundable credit for the 2022 tax year is equal to 104.17% of the federal earned income tax credit allowed to the taxpayer. 2023 tax season filing tips
The state Department of Revenue plans to distribute rebates in a much simpler fashion this year, the agency says, after nearly 68,000 $50 rebate checks in 2019 went uncashed.
The South Carolina Department of Revenue has begun issuing rebates to taxpayers for as much as $800, the department announced on Monday. State lawmakers in June approved the parameters for a tax ...
When an individual or business owes taxes to the Internal Revenue Service (IRS), settling the entire amount in a single payment may not be financially feasible. In such cases, a tax payment plan ...
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