USA State Taxes

SOUTH CAROLINA (SC)

STATE INCOME TAX (SIT)

Description	Amount	Effective Date	Website	Deposit Method / Frequency / Threshold	Forms
Wage Withholding	Tables	New tax tables in 2017 and every year after.	Department of Revenue - Withholding Tax Obtain a Withholding File Number at MyDORWAY or use form SCFOR-111	Resident Employers - Monthly EFT Tied to Fed Non-Resident Employers either Quarterly or Monthly less than $500/qtr Due last day of month following the end of quarter. $500 or more/qtr, Due 15th of following month. MyDORWAY or EFT	Withholding Forms and Tax Tables Withholding Quarterly Return - WH-1605 Fourth Quarter and Annual Reconciliation - WH1606 Use Federal W-4
Supplemental Wage / Bonus Rate	6.40%	Decrease from 6.50% in 2023

Description

Amount

Effective Date

Website

Deposit Method / Frequency / Threshold

Forms

Wage Withholding

Tables

New tax tables in 2017 and every year after.

Department of Revenue - Withholding Tax

Obtain a Withholding File Number at MyDORWAY or use form SCFOR-111

Resident Employers - Monthly EFT Tied to Fed

Non-Resident Employers either Quarterly or Monthly less than $500/qtr Due last day of month following the end of quarter. $500 or more/qtr, Due 15th of following month.

MyDORWAY or EFT

Withholding Forms and Tax Tables

Withholding Quarterly Return - WH-1605

Fourth Quarter and Annual Reconciliation - WH1606

Use Federal W-4

Supplemental Wage / Bonus Rate

6.40%

Decrease from 6.50% in 2023

Notes:

A return must be filed for a quarter as long as the SC withholding account is open, even if no tax is withheld and there are no employees.

No reciprocal agreement between states.

STATE UNEMPLOYMENT INSURANCE (SUI)

Description	Amount	Effective Date	Website	Deposit Method / Frequency / Threshold	Forms
Maximum Taxable Earnings	$14,000	Unchanged from in 2023	Department of Employment and Workforce Establish an UI Tax Account	Quarterly SUITS	UI Forms Quarterly Wage Report - UCE-120
Employee Deduction	None
Employer Tax Rate (Includes 0.0% solvency surcharge and 0.06% contingency assessment)	0.06 – 5.46%	Unchanged from 2023
New Employment Rate - Standard (Includes 0.0% solvency surcharge and 0.06% contingency assessment)	0.41%	Decrease from 0.45% in 2023
Voluntary Contribution Permitted	No

NEW HIRE REPORTING

Website	Frequency / Method	Forms
New Hire	Same as federal requirements. File Online

WEBSITES

State Agencies, Employment and Business

Disclaimer: This information is for reference only. To ensure accurate set up, we highly recommend that the information is verified with the applicable federal and state/provincial agencies. TimeTrex makes no claims, guarantees, or promises about the accuracy, current status, or completeness of the information provided. In no event shall TimeTrex be liable for any errors or omissions with respect to any resource information.

Last updated Jan 2024