South Carolina State Income Tax Withholding Information
State Abbreviation: | SC |
State Tax Withholding State Code: | 45 |
Acceptable Exemption Form: | WH 1602 |
Basis For Withholding: | State Exemptions |
Acceptable Exemption Data: | 0 / Number of Exemptions |
TSP Deferred: | Yes |
Special Coding: | Determine the Total Number Of Allowances field as follows: First Position - Enter 0 (zero). Second and Third Positions - Enter the number of exemptions claimed. |
Additional Information: | None |
Withholding Formula (Effective Pay Period 4, 1998)
- Subtract the biweekly Thrift Savings Plan contribution from the gross biweekly wages.
- Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health care and dependent care deductions) from the amount computed in Step 1.
- Add taxable fringe benefits (taxable life insurance, etc.) to the adjusted gross biweekly wages.
- Multiply the adjusted gross biweekly wages by 26 to obtain the annual wages.
- Determine the standard deduction by applying the following guideline and subtract this amount from the annual wages.
If The Number of Exemptions
Claimed Is:1Subtract This Amount:2 1 or more 10% of annual wages or $2,600 1 Use annual wages when no exemptions are claimed.
2 Use the lesser amount. - Determine the exemption allowance by applying the following guideline and subtract this amount from the result of step 3 to compute the taxable income.
Exemption Allowance = $2,300 x Number of Exemptions - Apply the taxable income computed in step 4 to the following table to obtain the South Carolina tax withholding.
Tax Withholding Table If the Amount of
Taxable Income Is:The Amount of South Carolina
Tax Withholding Should Be:Over: But Not
Over:Of Excess
Over:$0 $2,000 $0 plus 2% $0 2,000 4,000 40 plus 3% 2,000 4,000 6,000 100 plus 4% 4,000 6,000 8,000 180 plus 5% 6,000 8,000 10,000 280 plus 6% 8,000 10,000 and over 400 plus 7% 10,000 - Divide the annual South Carolina tax withholding by 26 to obtain the biweekly South Carolina tax withholding.