Tax rate used in calculating South Carolina state tax for year 2020
State Abbreviation:
|
SC
|
State Tax Withholding
State Code:
|
45
|
Acceptable Exemption
Form:
|
WH 1602
|
Basis For Withholding:
|
State Exemptions
|
Acceptable Exemption
Data:
|
0 / Number of Exemptions
|
TSP Deferred:
|
Yes
|
Special Coding:
|
Determine the Total Number
Of Allowances field as follows:
First
Position - Enter 0 (zero).
Second
and Third Positions - Enter the number of exemptions claimed.
|
Additional Information:
|
None
|
Withholding Formula (South Carolina Effective 2020)
- Subtract the biweekly Thrift Savings Plan contribution from the gross
biweekly wages.
- Multiply the adjusted gross biweekly wages by 26 to obtain the annual
wages.
- Determine the standard deduction by applying the following guideline
and subtract this amount from the annual wages.
If
The Number of Exemptions
Claimed1 Is:
|
Subtract This
Amount2:
|
1 or more
|
10% of annual wages or
$3,820
|
1 Use
annual wages when no exemptions are claimed.
2 Use
the lesser amount.
|
- Determine the exemption allowance by applying
the following guideline and subtract this amount from the result of
step 3 to compute the taxable income.
Exemption Allowance = $2,590 x Number of Exemptions
- Apply the taxable income computed in step
4 to the following table to obtain the South Carolina tax withholding.
Tax Withholding Table
|
If the Amount of
Taxable Income Is:
|
The Amount of South
Carolina
Tax Withholding Should Be:
|
Over:
|
But Not
Over:
|
|
Of Excess
Over:
|
$ 0
|
$ 2,620
|
$ 0
|
plus
|
1.1%
|
$ 0
|
2,620
|
5,240
|
20.96
|
plus
|
3%
|
2,620
|
5,240
|
7,860
|
99.56
|
plus
|
4%
|
5,240
|
7,860
|
10,490
|
204.36
|
plus
|
5%
|
7,860
|
10,490
|
13,110
|
335.86
|
plus
|
6%
|
10,490
|
13,110
|
and over
|
493.06
|
plus
|
7%
|
13,110
|
- Divide the annual
South Carolina tax withholding by 26 to obtain the biweekly South Carolina
tax withholding.
|