South Carolina Paycheck Calculator
Calculate your take-home pay after federal & South Carolina taxes
Updated for 2023 tax year on Mar 15, 2023
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Paycheck calculator for South Carolina
Overview of South Carolina
South Carolina has a population of over 5 million (2019) and has an advanced manufacturing industry, with industrial outputs including textile goods, chemical products, paper products, machinery, etc. The state is also famous for its beaches and golf courses. The median household income is $50,570 (2017).
Brief summary:
- the income tax rate ranges from 0% to 7%
- no state-level payroll tax
- has standard deductions and exemptions
From Wikipedia
Understanding your South Carolina paycheck
Decoding the complexities of your South Carolina paycheck is vital for effectively managing your finances, whether you’re just entering the workforce or have years of experience. This article will shed light on the W-4, pre-tax and post-tax deductions, and other essential aspects. Let’s delve into the various components of your South Carolina paycheck.
First, we talk about your gross pay, which signifies your total earnings before deductions. Several factors will decrease this amount, eventually resulting in your net pay. We’ll examine these components to help you comprehend where your hard-earned money goes.
A critical element of your paycheck is the federal income tax withheld, determined by the W-4 form you provide to your employer. This essential form calculates the proper withholding based on your filing status, income, dependents, and additional income or deductions.
South Carolina imposes a progressive state income tax, which means tax rates increase as your income level rises. It’s vital to understand this concept and how it impacts your paycheck.
Additionally, your paycheck will include payroll taxes such as Social Security and Medicare, collectively known as FICA taxes. These taxes fund essential social programs, benefiting both current and future generations. Employees and employers share responsibility for contributing to these vital programs.
Besides taxes, your paycheck may contain several deductions. Pre-tax deductions, like contributions to retirement plans and Health Savings Accounts (HSAs), lower your taxable income, enabling you to save on taxes while investing in your future.
On the other hand, post-tax deductions occur after calculating your taxable income. These deductions can include union dues, charitable donations, and wage garnishments. As each situation is unique, staying informed about the specific deductions applicable to you is crucial.
After accounting for all deductions and taxes, you’ll receive your net pay—the amount deposited into your bank account. Regularly reviewing your pay stubs ensures the accuracy of deductions and helps you grasp the effects of financial decisions on your take-home pay.
To improve your tax situation, consider contributing to tax-advantaged accounts like 401(k) plans and HSAs. These pre-tax contributions reduce your taxable income, potentially lowering your taxes and enhancing your financial future.
Calculate your South Carolina paycheck
South Carolina tax year starts from July 01 the year before to June 30 the current year. So the tax year 2022 will start from July 01 2021 to June 30 2022.
Calculating your South Carolina state income tax is similar to the steps we listed on our Federal paycheck calculator:
- figure out your filing status
- work out your adjusted gross income [Net income – Adjustments = Adjusted gross income]
- calculate your taxable income [Adjusted gross income – (Standard/Itemized deductions + Exemptions) = Taxable income]
- understand your income tax liability [Taxable income × Income tax rate = Income tax liability]
- minus any tax liability, deductions, withholdings [Net income – (Income tax liability + Pre-tax deductions + Post-tax deductions + Withholdings) = Your paycheck]
State payroll tax
There is no state-level payroll tax.
State income tax brackets
Refer to Tax Foundation for more details.
| Tax year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 2022 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $3,200 | 0% |
| $3,200 – $6,410 | 3% | ||
| $6,410 – $9,620 | 4% | ||
| $9,620 – $12,820 | 5% | ||
| $12,820 – $16,040 | 6% | ||
| $16,040+ | 7% | ||
| 2021 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $3,070 | 0% |
| $3,070 – $6,150 | 3% | ||
| $6,150 – $9,230 | 4% | ||
| $9,230 – $12,310 | 5% | ||
| $12,310 – $15,400 | 6% | ||
| $15,400+ | 7% | ||
| 2020 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $3,030 | 0% |
| $3,030 – $6,060 | 3% | ||
| $6,060 – $9,090 | 4% | ||
| $9,090 – $12,120 | 5% | ||
| $12,120 – $15,160 | 6% | ||
| $15,160+ | 7% |
State standard deduction
| Tax year | Filing status | Standard deduction amount |
|---|---|---|
| 2022 | Single Married, Filing Separately |
$12,950 |
| Married, Filing Jointly | $25,900 | |
| Head of Household | $19,400 | |
| 2021 | Single Married, Filing Separately |
$12,550 |
| Married, Filing Jointly | $25,100 | |
| Head of Household | $18,800 | |
| 2020 | Single Married, Filing Separately |
$12,200 |
| Married, Filing Jointly | $24,400 | |
| Head of Household | $18,350 |
State exemptions
| Tax year | Filing status | Personal exemption amount |
|---|---|---|
| 2022 | Dependent(s) | 4,300 |
| 2021 | Dependent(s) | $4,260 |
| 2020 | Any | $0 |
FAQs
What taxes do South Carolinians pay?
No state-level income tax if you earn less than $3070 per year. If not, your South Carolina income tax ranges from 3% to 7%. No payroll tax.
How much do you make after taxes in South Carolina?
The take-home pay after taxes for a single filer who earns $51,000 per annual is $40,619.40.
For a married couple with a combined annual income of $102,000, it is $80,693.90 after taxes.
How much taxes are deducted from a $51,000 paycheck in South Carolina?
The total taxes deducted for a single filer are $865.06 monthly or $399.26 bi-weekly.