South Carolina State Tax Filing

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South Carolina Tax Details

The South Carolina Department of Revenue had several minor changes for tax year 2020. These changes include modifications to the South Carolina tax rate, the Motor Fuel Credit, the Military Retirement Deduction, and the South Carolina Earned Income Credit.

The calculation for the South Carolina Motor Fuel Credit changed slightly, and this change will increase the amount of the credit that taxpayers can claim. The Military Retirement Deduction limit was increased from $14,600 to $17,500 for individual taxpayers under the age of 65.

Schedule TC-60 allows full-year South Carolina residents who claimed an Earned Income Tax Credit on their federal returns to claim 62.50% of that credit on their South Carolina returns.

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