SOUTH CAROLINA tax return

SOUTH CAROLINA Tax Returns with ExpressTaxRefund.com!

Looking to cut down on tax preparation time? You can file your SOUTH CAROLINA income taxes and federal taxes at the same time using ExpressTaxRefund.comExpressTaxRefund.com simplifies the tax preparation process by automatically filling in any matching information into both your state and federal tax forms.

Some states require residents to file a state tax return, just like the federal one that requires citizens to report their income. There are three different systems states can use to impose this tax, either joint, combined, or a mix of the two systems. South Carolina opts for a joint filing system, which is like the one used by the federal government in taxing families as a single entity. In this system, married taxpayers have their incomes added together and taxed as one amount.

The tax base for South Carolina states with federal taxable income, though some sources of income are exempt from inclusion in the tax base. These differences may vary between the state and federal levels, and all residents should be aware when filing their tax return.

Exemptions

South Carolina does not require residents to include the following sources of income to be taxed:

  • Interest and dividends from U.S. Government bonds
  • 44% of long-term capital gains
  • $3,000/person under 65 for private, public, civil service or military pension: $10,000 for 65+
  • National Guard pension
  • Social Security benefits
  • Disability income from a retirement plan

Deductions

For itemized and standard deductions, Sou0th Carolina refers to the federal government, using their rules specifically. Additionally, residents may qualify to deduct:

  • Up to $2,000 in expenses for adoptive children with special needs
  • Contributions to tuition prepayment and college investment program
  • $3,000 for volunteer firefighters and Haz-Mat response team members, rescue squad, reserve police officers, Natural Resource deputy enforcement officers, and member of the state guard
  • Contributions to a catastrophe savings account
  • $15,000 per person over 65 (offset by retirement deductions)
  • Up to $300 in expenses for identity theft protection

Job-related expenses incurred by members of the Reserves are not eligible for deduction, as their income isn’t taxed. State level deductions aren’t dependent on income or limited by it either. Federal, state and local income taxes cannot be deducted.

Tax Rates

Regardless of filing status, the tax rates follow:

Filer Taxable Income Tax Rate
$0 - $2,920 0% of income over $0
$2,920 - $5,840 3% on anything over $2,920
$5,840 - $8,760 $87.60 plus 4% on anything over $5,840
$8,760 - $11,680 $204.40 plus 5% on anything over $8,760
$11,680 - $14,600 $350.40 plus 6% on anything over $11,680
$14,600+ $525.60 plus 7% on anything over $14,600

ExpressTaxRefund.com supports all state income tax returns. Washington D.C. along with 41 states have income tax returns. If you live in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, you only need to file your Federal Income Tax Return with the IRS.

Benefits of using ExpressTaxRefund.com:

  • Prepares both your federal return and your state income tax returns at the same time by automatically transferring matching data into both forms.
  • Finds all valid tax deductions, does the math for you and provides self-help tools to simplify tax preparation.
  • Allows you to securely access and efile your tax data online from any Internet connection.

Take advantage of online E-Filing services available through ExpressTaxRefund.com

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Be kept up to date on the status of your return. You can view the status of your tax return right through our website, with daily updates to your account and filing status with the IRS.

Customer Support :
ExpressTaxRefund.com offers our customers full technical support.  Our professional customer care representatives are standing by awaiting your calls.  Whether it’s a question regarding your account or the calculation of your return, get an answer within minutes. Live chat support is also available, with little to no wait time.





State Tax Returns