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 PT 300 Form the South Carolina Department of Revenue Sctax 2021

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welcome to county office your ultimate guide to local government services and public records let's get started does South Carolina have an income tax I South Carolina's tax system includes a state income tax the state levies taxes on both individual and corporate income individual income tax rates in South Carolina are progressive this means the tax rate increases as the taxable income increases the state has six tax brackets for individual income these brackets range from 0% to 7% an incorporate income tax in South Carolina is also imposed the corporate income tax rate is a flat rate the current rate for corporate income tax is 5% both residents and non-residents may be subject to South Carolina income tax non-residents are taxed on income earned within the state den and South Carolina offers various deductions and credits to reduce taxable income these include deductions for retirement income and military pay the state also allows for standard and itemized deductions

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