South Carolina Income Tax Rates and Brackets
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 number of SC tax brackets decreased from six to three.
South Carolina Sales Tax Information
The South Carolina state sales tax rate is 6%, and the average SC sales tax after local surtaxes is 7.13%. Groceries and prescription drugs are exempt from the South Carolina sales tax. Counties and cities can charge an additional local sales tax of up to 3%, for a maximum possible combined sales tax of 9%.
South Carolina has state sales tax of 6%. Localities can add as much as 3%, and the average combined rate is 7.499%. Groceries are tax-exempt.
New Jersey State Taxes Overview
The New Jersey state sales tax rate is 7%. Groceries, clothing and prescription drugs are exempt. Counties and cities cannot collect local sales taxes. New Jersey has no special sales tax jurisdictions. Gasoline purchases are not subject to sales tax.
The New Jersey income tax rate tables and brackets are for illustration only. Progressive tax rates range from 1.4% to 10.75%. For single taxpayers, the rate is 1.4% on the first $20,000. New Jersey simplified its sales tax rules as a member of the Streamlined Sales and Use Tax Agreement. In 2024, New Jersey raised the income limit to $150,000 and removed the 10-year residency requirement.
Estimating Taxes and Filing Information
You can quickly estimate your taxes by selecting the year, status, income, and expenses. Alternatively, you can enter specifics to produce a detailed calculation. When to file: You can pay in full by April 15, 2024, or in four installments.
Additional State Tax Details
While some states don’t have income taxes, others have high rates. In addition, residents pay property taxes based on the property’s value. These state income tax rates apply to income earned in 2023, which is reported on tax returns filed in 2024.
South Carolina’s 2022-2023 income tax system has six brackets, with the highest rate at 7%. The state lacks inheritance or estate taxes, matching federal rules. Future scheduled reductions will ultimately bring the rate to 3.99 percent by 2027.
Like the federal income tax, the South Carolina state income tax is progressive, with rates ranging from 0% to 6.5%. You may use our South Carolina State Tax Calculator, which has been updated to include both the latest Federal Tax Rates and State Tax Rates.
The state of South Carolina requires you to pay taxes if you are a resident or nonresident who receives income from a South Carolina source. The state income tax rates range from 0% to 7%, and the sales tax rate is 6%.