South Carolina State Income Tax - Tax Year 2012
South Carolina Income Tax Table
|Tax Bracket (Single) ||Tax Bracket (Couple) ||Marginal Tax Rate|
The South Carolina Income Tax
South Carolina collects a state income tax at a maximum marginal tax rate of 7.00%, spread across six tax brackets. Unlike the Federal Income Tax, South Carolina's state income tax does not provide couples filing jointly with expanded income tax brackets. There are a total of thirteen states with higher marginal income tax rates then South Carolina.
Tax brackets in South Carolina are adjusted for inflation each year, which usually results in a small tax increase. Release dates for tax bracket inflation adjustments vary by state, but South carolina generally releases the current year's brackets after the end of the previous tax year, There are -39 days left until Tax Day, on April 15th 2013.
South Carolina Tax Deductions
Income tax deductions are expenses that can be deducted from your gross pre-tax income. Using deductions is an excellent way to reduce your South Carolina income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and South Carolina tax returns. For details on specific deductions available in South Carolina, see the list of South Carolina income tax deductions.
- The South Carolina standard deduction is $5,800.00 for individuals and $11,600.00 for married couples filing jointly. The standard deduction may be chosen instead of filing an itemized deduction on your South Carolina tax return.
- South Carolina's personal income tax exemptions include a personal exemption of $3,700.00. You can deduct one single exemption from your gross income if you are responsible for supporting yourself financially.
- South Carolina has a dependent exemption of $3,700.00. You may claim one dependent examption for each of the children, relatives, or others who live with and are supported by you as described § 152 of the IRC (Internal Revenue Code).
- South Carolina allows itemized deductions, and you can claim the same itemized deductions on your South Carolina tax return as you do on your Federal tax return. You must choose between itemizing your deductions and choosing the South Carolina standard deduction, so it's generally only worth itemizing your deductions if your itemized total is more then the South Carolina and Federal standard deductions. For more details, visit the list of South Carolina itemized deductions.
South Carolina Income Tax Forms
How To File Your South Carolina Income Tax Return
Where To Send Your South Carolina Tax Return
Income Tax Returns (No Payment)
Long Form Processing Center PO Box 101100 Columbia, SC 29211-0100
Income Tax Returns (Payment Enclosed)
Taxable Processing Center PO Box 101105 Columbia, SC 29211-0105
e-Filing: Submit Your South Carolina Tax Return Online
You can save time and money by electronically filing your South Carolina income tax directly with the Department of Revenue . Benefits of e-Filing your South Carolina tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below.
To e-file your South Carolina and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies.
The two most popular tax software packages are H&R Block At Home, sold by the H&R Block tax preparation company, and TurboTax Federal & State, sold by the Intuit software company. Both companies produce multiple editions for simple to very complex tax returns, so be sure to carefully compare the features offered by each package.
Getting Your South Carolina Tax Refund
If your state tax witholdings are greater then the amount of income tax you owe the state of South Carolina, you will receive an income tax refund check from the government to make up the difference.
It should take one to three weeks for your refund check to be processed after your income tax return is recieved. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible.
Once you've filed your tax return, all you have to do is wait for your refund to arrive. If you want to check the status of your South Carolina tax refund, you can visit the South Carolina Department of Revenue Income Tax Refund page.
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- Our state ranking and income tax figures are based on a family of four (married parents with two children) earning the national median household income of $50,000 per year. Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for.
- Before the official 2013 South Carolina income tax rates are released, provisional 2013 tax rates are based on South Carolina's 2012 income tax brackets.
- The 2013 state personal income tax brackets are updated from the South Carolina Department of Revenue and Tax Foundation data.
- South Carolina tax forms are sourced from the South Carolina Department of Revenue income tax forms page, and are updated on a yearly basis. Please make sure the South Carolina forms you are using are up-to-date.