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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.
The 2023 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 2023. This tool is freely available and is designed to help you accurately estimate your 2024 tax return .
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.
REDUCTION IN THE INCOME TAX RATES – For tax year 2023, the top marginal Individual Income Tax rate changed to 6.4%. Use the SC1040TT, 2023 South Carolina Individual Income Tax Tables, available at dor.sc.gov/forms, to determine your tax.
Review the latest income tax rates, thresholds and personal allowances in South Carolina which are used to calculate salary after tax when factoring in social security contributions, pension contributions and other salary taxes in South Carolina.
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.
Use our income tax calculator to find out what your take home pay will be in South Carolina for the tax year. Enter your details to estimate your salary after tax.
