South Carolina Income Tax Rate 2023 - 2024
South Carolina state income tax rate table for the 2023 - 2024 filing season has three income tax brackets with SC tax rates of 0%, 3% and 6.4% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. The top South Carolina tax rate decreased from 6.5% to 6.4% this year. Last year the the number of SC tax brackets decreased from six to three.
South Carolina income tax rate and tax brackets shown in the table below are based on income earned between January 1, 2023 through December 31, 2023. Outlook for the 2024 South Carolina income tax rate is to decrease further from 6.4% to 6.3% for example. Recent legislation titled the South Carolina Income Tax Act stipulates a 0.10% income tax rate reduction until a 6% target is reached.
| Income Tax Bracket | Tax Rate 2023 | ||
|---|---|---|---|
| $0 | to | $3,329 | 0% |
| $3,330 | to | $16,679 | 3% |
| $16,680 | to | ∞ | 6.4% |
| Income Tax Bracket | Tax Rate 2023 | ||
|---|---|---|---|
| $0 | to | $3,329 | 0% |
| $3,330 | to | $16,679 | 3% |
| $16,680 | to | ∞ | 6.4% |
| Income Tax Bracket | Tax Rate 2023 | ||
|---|---|---|---|
| $0 | to | $3,329 | 0% |
| $3,330 | to | $16,679 | 3% |
| $16,680 | to | ∞ | 6.4% |
| Income Tax Bracket | Tax Rate 2023 | ||
|---|---|---|---|
| $0 | to | $3,329 | 0% |
| $3,330 | to | $16,679 | 3% |
| $16,680 | to | ∞ | 6.4% |
Source: 2023 Form SC 1040ES, 2023 Tax Computation Schedule for South Carolina Residents and Nonresidents, published by the South Carolina Department of Revenue.
Please reference the South Carolina tax forms and instructions booklet published by the South Carolina Department of Revenue to determine if you owe state income tax or are due a state income tax refund. South Carolina income tax forms are generally published at the end of each calendar year, which will include any last minute 2023 - 2024 legislative changes to the SC tax rate or tax brackets. The South Carolina income tax rate tables and tax brackets shown on this web page are for illustration purposes only.
South Carolina Tax Brackets 2023 - 2024
Looking at the tax rate and tax brackets shown in the tables above for South Carolina, we can see that South Carolina collects individual income taxes similarly for Single versus Married filing statuses, for example. We can also see the progressive nature of South Carolina state income tax rates from the lowest SC tax rate bracket of 0% to the highest SC tax rate bracket of 6.4%.
For single taxpayers living and working in the state of South Carolina:
- Tax rate of 0% on the first $3,329 of taxable income.
- Tax rate of 3% on taxable income between $3,330 and $16,679.
- Tax rate of 6.4% on taxable income over $16,679.
For married taxpayers living and working in the state of South Carolina:
- Tax rate of 0% on the first $3,329 of taxable income.
- Tax rate of 3% on taxable income between $3,330 and $16,679.
- Tax rate of 6.4% on taxable income over $16,679.
For the Single, Married Filing Jointly, Married Filing Separately, and Head of Household filing statuses, the SC tax rates remain the same. Notice also that the Single, Married Filing Jointly, Married Filing Separately, and Head of Household income tax brackets are the same in the state of South Carolina.
Last updated: November 21, 2023
References:
- 2023 Individual Declaration of Estimated Tax (PDF). South Carolina Department of Revenue, State of South Carolina. Retrieved November 21, 2023.
- South Carolina Income Tax Act. South Carolina Code of Laws, Section 12-6-510 Tax Rates and Imposition. Retrieved November 21, 2023.
- Tax Reform. South Carolina Chamber of Commerce. Retrieved November 21, 2023.
- 2024 Tax Rate Press Release. South Carolina Department of Employment and Workforce, November 6, 2023. Retrieved November 21, 2023.