South Carolina Salary Paycheck Calculator
Are you interested in your take-home pay in South Carolina? Our South Carolina Salary Paycheck Calculator provides a precise estimate of your net income after deductions. Whether you’re a current resident or considering relocating to the Bay State, knowing how your paycheck is distributed can help you manage your finances effectively.
Gross To Net Calculator
The amount that remains after these deductions are considered your net pay.
South Carolina Taxes: What You Need to Know
South Carolina’s simplified income tax system closely resembles federal income tax laws. The state recognizes federal adjustments, exemptions, and deductions with minor changes.
Hence, to calculate your state income tax liability, you start with your federal taxable income. For tax years 2021 and earlier, individual income tax rates range from 0% to a maximum of 7%. In 2022, the top rate dropped to 6.5%, and in 2023, it further decreased to 6.4%, with tax brackets adjusted yearly for inflation.
For those making estimated tax payments in 2024 (using SC1040ES), the state budget approved on July 3, 2024, reduces the highest income tax rate to 6.2% for the 2024 tax year.
Individuals, businesses, and other legal entities are subject to the South Carolina State Income Tax. The tax is progressive, meaning the rate of taxation increases as taxable income increases.
The state income tax rates range from 0% to 6.4% in 2024.
An overview: South Carolina Taxes
The withholdings of the State Includes:
1. Federal, State, and Local Tax Withholding
In South Carolina, your paycheck will have federal and state income tax deductions. The state has a progressive income tax system with rates ranging from 0% to 6.5%. There are no local income taxes in South Carolina.
2. FICA & State Insurance Taxes
FICA taxes include Social Security and Medicare. Social Security tax is 6.2% of your income, and Medicare tax is 1.45%. If you earn more than $200,000, an additional 0.9% Medicare surtax applies. Employers match these contributions. State insurance taxes may include unemployment insurance and workers’ compensation, but specific rates can vary.
3. Pre-Tax Deductions (Medical Insurance, 401K, etc.)
Pre-tax deductions reduce your taxable income. Other pre-tax deductions include:
- Medical Insurance: Premiums for employer-sponsored health plans.
- 401(k) Contributions: Retirement savings plans.
- Health Savings Accounts (HSA): Contributions for medical expenses
Tax Percentage Table
| Tax Type | Percentage |
| Federal Income Tax | 10% – 37% |
| State Income Tax | 0% – 6.5% |
| Social Security Tax | 6.2% |
| Medicare Tax | 1.45% |
| Additional Medicare Tax | 0.9% (over $200,000) |
| 401(k) Contributions | Up to IRS limits |
| HSA Contributions | Up to IRS limits |
Median household income in South Carolina
In 2023, the median household income in South Carolina was 69,100 U.S. dollars, according to statista. There has been an increase from the previous year when it was 61,770 U.S. dollars.
South Carolina Tax Brackets 2024
South Carolina’s tax system includes various components that affect individuals and businesses.
Here’s a detailed look at the key aspects:
Income Tax
South Carolina has a progressive income tax system with three brackets for 2024:
- 0% for income up to $3,200
- 3% for income between $3,200 and $16,040
- 6.5% for income over $16,040
These rates apply to all filing statuses, including single, married filing jointly, and head of household.
Sales Tax
South Carolina’s state sales tax rate is 6%. Local jurisdictions can impose additional sales taxes, leading to an average combined state and local sales tax rate of 7.5%.
Corporate Income Tax
The state imposes a flat corporate income tax rate of 5%.
Property Tax
Property taxes in South Carolina are assessed and collected at the local level. The state does not impose a property tax, but local governments levy taxes on real and personal property. Property tax rates vary by county and municipality.
Here are the tax brackets for South Carolina in 2024 for different filing statuses:
| Filing Status | Income Bracket | Tax Rate |
| Single | $0 – $3,200 | 0% |
| $3,200 – $16,040 | 3% | |
| Over $16,040 | 6.5% | |
| Married Filing Jointly | $0 – $3,200 | 0% |
| $3,200 – $16,040 | 3% | |
| Over $16,040 | 6.5% | |
| Head of Household | $0 – $3,200 | 0% |
| $3,200 – $16,040 | 3% | |
| Over $16,040 | 6.5% |
However, standard deduction and exemption include:
- $13,850 for single filers and $27,700 for married filing jointly.
- The dependent exemption is $4,430 per dependent.
- Personal Exemption is not applicable in South Carolina
Frequently Asked Questions
No, the South Carolina Paycheck Calculator does not account for local taxes because South Carolina does not impose local income taxes. The calculator includes federal and state taxes and FICA taxes (Social Security and Medicare).
Yes, South Carolina offers several state-specific deductions:
- Retirement Income Deduction: Up to $3,000 for individuals under 65 and up to $10,000 for those 65 and older.
- Volunteer Emergency Responders: A deduction of up to $3,000.
- Disaster Relief: Special deductions may apply to those affected by federally declared disasters.
Yes, the KEKA Paycheck Calculator is regularly updated to reflect the latest tax laws and rates. Always ensure you are using the most current version of the calculator.
South Carolina follows federal tax laws, allowing many of the same deductions. However, some federal deductions, such as state and local income taxes, must be added to your South Carolina taxable income. The state also offers unique deductions not available at the federal level, such as those for retirement income and volunteer emergency responders.
When using the KEKA Paycheck Calculator, you can enter information for multiple jobs or additional income sources by adjusting the W-4 form details. The calculator allows you to input additional income and jobs to ensure accurate withholding.
Pre-tax deductions such as health insurance premiums, 401(k) contributions, and Health Savings Account (HSA) contributions reduce your taxable income. The KEKA Paycheck Calculator considers these, ensuring your taxable income reflects these deductions. For example, KEKA’s calculator allows you to input these pre-tax deductions to see their impact on your take-home pay.
To adjust the calculator for filing jointly, select the appropriate filing status (Married Filing Jointly) and enter combined income and deductions. This will ensure the calculator accurately reflects the tax brackets and standard deductions applicable to joint filers.
