2010 TaxGrams™
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State and Local Taxes
South Carolina State Tax Summary

South Carolina state tax summary, including corporate and individual South Carolina income taxes, credits, exemptions, deductions and more. Includes South Carolina estate, gift and inheritance tax, miscellaneous South Carolina taxes, pass-through entity treatment, payroll taxes, property taxes and South Carolina sales & use taxes.

South Carolina ranks #26 on the State Business Tax Climate Index (TaxFoundation.org).

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    taxmOuth South Carolina Taxes

South Carolina Tax Contacts

South Carolina Tax FAQs

South Carolina Tax Forms

South Carolina Corporate Taxes

  • taxmOuth South Carolina Corporate Taxes
  • South Carolina Tax Rates & Brackets:

    5%> $0
  • Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Unlimited)
  • Throwback Sales?: N
  • Foreign Tax Deductible?: N
  • Alternative Minimum Tax (AMT): N
  • Gross Receipts Tax: N
  • Capital Stock (Net Worth) Tax?: 0.100%

South Carolina Tax Incentives and Credits

South Carolina Individual Income Taxes

  • taxmOuth South Carolina Individual Income Taxes
  • South Carolina tax rates and brackets:

    0%> $0
    3%> $2,670
    4%> $5,340
    5%> $8,010
    6%> $10,680
    7%> $13,350
  • Local Option IT Rate: None
  • Federal Inc used as Base?: Y
  • Standard Deductions: Single $5,450 / Joint $10,900
  • Personal Exemptions/Credits (c): Single $3,500 / Joint $7,000 / Dependent $3,500
  • Federal Tax Deductible?: N
  • State Tax Deductible?: Y
  • Alternative Minimum Tax (AMT)?: N

South Carolina Estate, Gift and Inheritance Taxes

South Carolina Miscellaneous Taxes

South Carolina Pass-through Tax Treatment

South Carolina Payroll Taxes

South Carolina Property Taxes

  • taxmOuth South Carolina Property Taxes
  • Median Tax Paid on Homes (Rank): $678 (#45)
  • Median Value of Homes: $138,700
  • Tax as % of Home Value (Rank): 0.49% (#44)
  • Median Income of Homeowner: $54,466
  • Tax as % of Income (Rank): 1.24% (#45)

South Carolina Sales and Use Taxes

  • taxmOuth South Carolina Sales and Use Taxes
  • State Rate: 6.00%
  • County & City (Weighted Ave): 1.04%
  • Combined State and Ave. Local Rates (Rank): 7.04% (#16)
  • General Treatment of Services: Exempt
  • Gasoline: Exempt
  • Groceries: Taxable

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