South Carolina New Jobs Credit

NEW JOBS CREDIT: For qualifying employers that create and maintain 10 or more full-time jobs. This credit is limited to 50% of your tax liability. (TC-4) Qualifying taxpayers can take a credit against South Carolina Individual Income Tax, Corporate Income Tax, Bank Tax, or Insurance Premium Tax for creating new jobs in South Carolina. The credit is limited to 50% of the tax liability. [...]

South Carolina Carryover of Unused Qualified Credits

CARRYOVER OF UNUSED QUALIFIED CREDITS: Enter the carryover of unused nonrefundable credits from prior years. Refer to the applicable tax credit schedule for the maximum credit and period of time to carryover. Attach a breakdown of the credit by type and year [...]

South Carolina Scenic River Tax Credit

SCENIC RIVERS CREDIT: For taxpayers donating certain lands adjacent to designated rivers or sections of a river. (TC-5) A landowner who donates a perpetual easement to the state of South Carolina under the Scenic Rivers Program (Title 49, Chapter 29) is eligible for a state Income Tax credit. The credit is equal to the fair market value of the easement granted, which is the difference between [...]

South Carolina Residency

For tax filing purposes, you are a South Carolina resident (even if you live outside South Carolina) when: Your intention is to maintain South Carolina as your permanent home; AND South Carolina is the center of your financial, social and family life; AND when you are away, South Carolina is the place to which you intend to [...]

South Carolina Tuition Tax Credit

To help ease the financial burden for South Carolina college students and their families, the South Carolina General Assembly has created an income tax credit for tuition paid to South Carolina colleges and universities. Who can claim the credit? The student, parents, guardian or whomever actually pays the tuition and claims the student as a dependent on their tax return may claim the [...]