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South Carolina Income Tax Calculator 2023-2024. If you make $70,000 a year living in South Carolina you will be taxed $10,904. Your average tax rate is 10.94% and your marginal tax rate is...
Individual Income Tax rates range from 0% to a top rate of 7% on taxable income for tax years 2021 and prior, from 0% to a top rate of 6.5% on taxable income for tax year 2022, and from 0% to a top rate of 6.4% on taxable income for tax year 2023. Tax brackets are adjusted annually for inflation.
The South Carolina income tax has three tax brackets, with a maximum marginal income tax of 6.500% as of 2024. Detailed South Carolina state income tax rates and brackets are available on this page.
South Carolina's 2024 income tax ranges from 0% to 6.5%. This page has the latest South Carolina brackets and tax rates, plus a South Carolina income tax calculator. Income tax tables and other tax information is sourced from the South Carolina Department of Revenue.
2023 Tax Rate Schedule for taxable income of $100,000 or more. Important: You must use the Tax Tables instead of this Tax Rate Schedule if your taxable income is less than $100,000. Use this Tax Rate Schedule for any filing status claimed on the SC1040.
South Carolina state tax rates and rules for income, sales, property, fuel, cigarette and other taxes that impact residents.
The 2024 tax rates and thresholds for both the South Carolina State Tax Tables and Federal Tax Tables are comprehensively integrated into the South Carolina Tax Calculator for 2024. This tool is freely available and is designed to help you accurately estimate your 2025 tax return .
Find out how much you'll pay in South Carolina state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more. Menu burger
South Carolina has a 5.0 percent corporate income tax rate. South Carolina also has a 6.00 percent state sales tax rate and an average combined state and local sales tax rate of 7.50 percent. South Carolina has a 0.46 percent effective property tax rate on owner-occupied housing value.
South Carolina's income tax rates for the 2024 tax year vary from 0% to 6.3%. Updated on Jul 23 2024. Estimate your South Carolina state tax burden with our income tax calculator. Enter your annual income and filing details.