South Carolina Department of Revenue, South Carolina TaxWe’re Just Not Annoying®
SOUTH CAROLINA BUSINESS CORPORATE TAX, SOUTH CAROLINA PERSONAL INCOME TAX, SOUTH CAROLINA SALES TAX RATES
What is the South Carolina corporate net income tax rate?
What are the South Carolina personal net income tax rates?
$0-2,670 = 0%
2,670-5,340 = 3%
5,340-8,010 = 4%
8,010-10,680 = 5%
10,680-13,350 = 6%
13,350+ = 7%
What is the average South Carolina sales tax rate?
7.04%. The state has a 6% tax, but the average local tax is 1.04% making a total of 7.04%.
Are there standard deductions?
Are there personal exemptions?
What forms do you file for your South Carolina taxes?
Estimated tax payments?
Form SC1040ES. South Carolina follows the IRS standards for estimated payments. If you will owe $100 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.
South Carolina Department of Revenue:
South Carolina Department of Revenue 1 South Park Circle Suite 100
Charleston , SC 29407 Telephone: 843-852-3600
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