Historic Tax Tables supported for South Carolina This tool is freely available and is designed to help you accurately estimate your 2024 tax return. 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. South Carolina: Federal Retirement Plan Thresholds in 2023 Federal Retirement Plan Types and Thresholds in 2023 Retirment Plan type South Carolina Social Security in 2023: Earnings Thresholds for Employers and Employees Social security category South Carolina: Federal FICA Rates in 2023 South Carolina Social Security in 2023: Rates for Employers and Employees Social security category EITC Tables for Unmarried Taxpayers (single and head of household filers) in 2023 ElementĮITC Tables for Married taxpayers (married filing jointly, Qualifying Widow(er)) in 2023 Element Note: you must be between the ages of 25 and 65 to claim EITC in 2023 unless you have 1 or more children. South Carolina: Federal EITC(Earned Income Tax Credits) Rates and Thresholds in 2023 The federal federal allowance for Over 65 years of age Widower Filer in 2023 is $ 1,550.00 South Carolina Residents State Income Tax Tables for Widower Filers in 2023 The federal standard deduction for a Widower Filer in 2023 is $ 27,700.00. The federal federal allowance for Over 65 years of age Head of Household Filer in 2023 is $ 1,950.00 South Carolina Residents State Income Tax Tables for Head of Household Filers in 2023 The federal standard deduction for a Head of Household Filer in 2023 is $ 20,800.00. The federal federal allowance for Over 65 years of age Married (separate) Filer in 2023 is $ 1,550.00 South Carolina Residents State Income Tax Tables for Married (separate) Filers in 2023įederal Head of Household Filer Tax Tables The federal standard deduction for a Married (separate) Filer in 2023 is $ 13,850.00. The federal federal allowance for Over 65 years of age Married (Joint) Filer in 2023 is $ 1,550.00 South Carolina Residents State Income Tax Tables for Married (Joint) Filers in 2023įederal Married (separate) Filer Tax Tables The federal standard deduction for a Married (Joint) Filer in 2023 is $ 27,700.00. Personal Income Tax Rates and Thresholds (Annual) Tax Rate The federal federal allowance for Over 65 years of age Single Filer in 2023 is $ 1,950.00 South Carolina Residents State Income Tax Tables for Single Filers in 2023 The federal standard deduction for a Single Filer in 2023 is $ 13,850.00. This alignment with the federal system underscores the importance of being well-informed about federal tax laws and changes, as these directly and exclusively influence your tax responsibilities in South Carolina. For individuals and businesses in South Carolina, these Federal Tax Tables become the sole reference point for understanding how much tax is due on their income. They provide the necessary brackets and rates that will define your tax obligations. Given that the state adheres strictly to the Federal Income Tax system and does not levy its own income tax, these tables are the primary, and indeed only, guide to your income tax calculations for South Carolina in 2024. Federal Income Tax Tables in 2023Īs you review the Federal Income Tax tables presented here, it's crucial to understand their heightened significance for taxpayers in South Carolina. This unique approach simplifies the tax calculation process, as you only need to refer to the Federal Tax Tables to understand your tax responsibilities for 2024. This means that for residents or income earners in South Carolina, their tax obligations and 2025 tax return are determined entirely by the federal tax brackets and rates, without any additional state-level income tax considerations. Instead, all income tax calculations for the year 2023 are based solely on the Federal Income Tax system. South Carolina State Income Tax Tables in 2023Īs you navigate through the tax information for 2023 on this page, it's important to note that South Carolina does not impose its own income tax.
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