1031 Exchange South Carolina

 

Capital Gains Rates

State Rate
7.00%
Local Rate
0%
Deduction
44% deduction
Combined Rate
27.3%

Income Tax Rates

Single Filer

Rates   Brackets
0.00% > $0
3.00% > $2,920
4.00% > $5,840
5.00% > $8,760
6.00% > $11,680
7.00% > $14,600

Married Filing Jointly

Rates   Brackets
0.00% > $0
3.00% > $2,920
4.00% > $5,840
5.00% > $8,760
6.00% > $11,680
7.00% > $14,600

Standard Deduction

Single Couple
$6,300 $12,600

Personal Exemption

Single Couple Dependent
$4,000 $8,000 $4,000

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 also accounts 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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