If you make $118,000 a year living in South Carolina you will be taxed $24,759. Your average tax rate is 15.59% and your marginal tax rate is 24%.

South Carolina just lowered its top income tax rate again The drop from 6.2% to 6% is part of a plan to boost business and draw more people to the state, though the savings may seem small at first.

State income tax bill in South Carolina . Late last month, South Carolina GOP leaders released a bill, known as HB 4216, to collapse the state’s income tax brackets into one fixed rate of 3.99%.

Income earned in the state must be reported on a South Carolina income tax return, no matter the filer’s state of residency. It’s also not just money that has to reported.

State income tax bill in South Carolina . Late last month, South Carolina GOP leaders released a bill, known as HB 4216, to collapse the state’s income tax brackets into one fixed rate of 3.99% ...

Eligible taxpayers in South Carolina who filed their return before the Oct. 17 deadline can expect to receive up to $800 in the form of an income tax rebate from the state before the end of the year.

COLUMBIA, S.C. — A bill that would overhaul South Carolina’s income tax system is headed to the House floor after clearing the Ways and Means Committee in a 17-6 vote.

Most South Carolina workers will see less state taxes withheld from their paychecks in 2023.This comes from adjustments in the state withholding tax tables by the South Carolina Department of Revenue.

South Carolina currently has a graduated state individual income tax rate ranging from 0% to 6.40%. Recently, a bill was released that will collapse the state's income tax rate to a fixed rate of ...