1031 Exchange South Carolina
South Carolina Opportunity Zones

Capital Gains Rates

State Rate 6.40%

Local Rate 0.00%

Deduction 44% deduction

Combined Rate 31.40%

Additional State Capital Gains Tax Information for South Carolina

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent). The Combined Rate does not account for South Carolina permitting of a 44% State deduction of Federally taxable capital gains.

Additional State Income Tax Information for South Carolina

Bracket levels adjusted for inflation each year. Release dates for tax bracket inflation adjustments vary by state and may fall after the end of the applicable tax year. Deduction or exemption tied to federal tax system. Federal deductions and exemptions are indexed for inflation.

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Source: Tax Foundation State Individual Tax Rates and Brackets for 2020 as of March 2020

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