{"id":2229,"date":"2010-09-01T12:40:27","date_gmt":"2012-09-07T20:05:36","guid":{"rendered":"\/south-carolina-state-taxes"},"modified":"2025-02-11T10:51:29","modified_gmt":"2025-02-11T18:51:29","slug":"south-carolina-state-taxes","status":"publish","type":"post","link":"https:\/\/www.irs.com\/en\/south-carolina-state-taxes\/","title":{"rendered":"South Carolina State Taxes"},"content":{"rendered":"<p><strong><br \/>\nSouth Carolina State Tax ? Individual Income Tax<\/strong><\/p>\n<p>Individuals must file a South Carolina tax return if they earned income in South Carolina and are required to file a federal income tax return. If you are not required to file a federal return but you had state taxes withheld from your wages, you must file a state tax return to receive a tax refund.<\/p>\n<p>The individual income tax rates for South Carolina are as follows:<\/p>\n<ul>\n<li>0% on the first $2,740 of taxable income<\/li>\n<li>3% on taxable income between $2,741 and $5,480<\/li>\n<li>4% on taxable income between $5,481 and $8,220<\/li>\n<li>5% on taxable income between $8,221 and $10,960<\/li>\n<li>6% on taxable income between $10,961 and $13,700<\/li>\n<li>7% on taxable income of $13,701 or more<\/li>\n<\/ul>\n<p><strong>South Carolina State Tax ? Corporate Tax<\/strong><\/p>\n<p>The <em>Corporate Income Tax<\/em> rate is 5% for most corporations doing business in South Carolina. Banks are taxed at a rate of 4.5% and savings\/loans corporations are taxed at a rate of 6%.<\/p>\n<p>An annual <em>Corporate License Tax<\/em> is also imposed on corporations and other entities. This tax is equal to 0.001 times the entity&#8217;s capital stock and paid-in surplus, plus $15. Note that an initial license tax of $25 is charged at the time of incorporation.<\/p>\n<p><strong>South Carolina State Tax ? Sales &amp; Use Tax<\/strong><\/p>\n<p>The state sales tax rate is 6% on the retail sales of goods and certain services.\u00a0 The &#8216;use tax&#8217; is applied when proper sales tax has not been paid. Use tax typically includes items that are purchased out-of-state and brought into South Carolina for use, storage, or consumption. Some counties also impose additional local sales\/use tax rates that range from 1% to 2%.<\/p>\n<p><strong>South Carolina State Tax ? Property Tax<\/strong><\/p>\n<p>Property tax is a locally enforced tax, imposed by counties, cities and school districts. It is an &#8216;ad valorem&#8217; tax which means property is taxed &#8216;according to value.&#8217; For more information regarding property taxes, contact your local assessor.<\/p>\n<p><strong>South Carolina State Tax Forms<\/strong><\/p>\n<p><span style=\"text-decoration: underline;\">Form SC 1040<\/span> (South Carolina Individual Income Tax Return)<br \/>\n<span style=\"text-decoration: underline;\">Schedule NR<\/span> (Nonresident Schedule)<br \/>\n<span style=\"text-decoration: underline;\">Form SC 1040V<\/span> (Individual Income Tax Payment Voucher)<br \/>\n<span style=\"text-decoration: underline;\">Form SC 1040X<\/span> (Amended Individual Income Tax)<br \/>\n<span style=\"text-decoration: underline;\">Form SC 1040ES<\/span> (Individual Declaration of Estimated Tax)<br \/>\n<span style=\"text-decoration: underline;\">Form SC1120<\/span> (C Corporation Income Tax Return)<\/p>\n<p><strong>South Carolina State Tax Resources<\/strong><\/p>\n<p>South Carolina Department of Revenue: <a href=\"http:\/\/www.sctax.org\/default.htm\" target=\"_blank\" rel=\"noopener nofollow\">www.sctax.org<\/a><\/p>\n<p>Index of South Carolina current state tax forms and instructions: <a href=\"http:\/\/www.sctax.org\/Forms+and+Instructions\/default.htm\" target=\"_blank\" rel=\"noopener nofollow\">www.sctax.org\/Forms+and+Instructions<\/a><\/p>\n<p>SC Department of Revenue &#8216;Electronic Services&#8217; for Individual Income: <a href=\"http:\/\/www.sctax.org\/Electronic+Services\/FastFile\/default.htm\" target=\"_blank\" rel=\"noopener nofollow\">www.sctax.org\/Electronic+Services\/FastFile<\/a><\/p>\n<p>South Carolina &#8216;DOR ePay&#8217; Electronic Payment System: <a href=\"https:\/\/dor.sc.gov\/mydorway\" target=\"_blank\" rel=\"noopener nofollow\">dor.sc.gov\/mydorway<\/a><\/p>\n<p>Check the status of your SC income tax refund: <a href=\"https:\/\/dor.sc.gov\/iit-filing\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/dor.sc.gov\/iit-filing<\/a><\/p>\n<p>Contact the Department of Revenue using &#8216;SC eNote&#8217; (email): <a href=\"http:\/\/www.sctax.org\/help\/scenote.html\" target=\"_blank\" rel=\"noopener nofollow\">www.sctax.org\/help\/scenote<\/a><\/p>\n<p>South Carolina Tax Council: <a href=\"http:\/\/sctaxcouncil.org\/\" target=\"_blank\" rel=\"noopener nofollow\">sctaxcouncil.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Carolina State Tax ? Individual Income Tax Individuals must file a South Carolina tax return if they earned income in South Carolina and are required to file a federal income tax return. If you are not required to file a federal return but you had state taxes withheld from your wages, you must file [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-2229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state-tax-returns"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/posts\/2229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/comments?post=2229"}],"version-history":[{"count":2,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/posts\/2229\/revisions"}],"predecessor-version":[{"id":7804,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/posts\/2229\/revisions\/7804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/media\/2230"}],"wp:attachment":[{"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/media?parent=2229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/categories?post=2229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/tags?post=2229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}