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WFR South Carolina State Fixes 2022

South Carolina State Tax formula updated

Effective 1 January 2022, the South Carolina State Tax formula has been updated:

    • The lowest tax rate used decreased from 0.5% to 0.2%.
    • The highest tax rate used remains 7%
    • The supplemental wage rate remains 7%
    • The tax bracket thresholds have increased.
    • Value of state allowance increased from $2,670 to $2,750.
    • The maximum standard deduction increased from $4,200 to $4,580.

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