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Sales Tax Calculator

Step 1/3

What do you sell?

Estimated Sales Tax Breakup

For Total Sales of $264,000

Monthly

Annual

Brackets

Rates

Income

$264,000

Sales Tax Rate

Infinity% - -Infinity%

Total Sales Tax

$Infinity.undefined - $-Infinity.undefined

For South-carolina, the sales tax rate totals Infinity% - -Infinity%, factoring in both city and county taxes. The South-carolina state sales tax currently amounts to NaN%, with the county tax being Infinity% - -Infinity%. City also adds a sales tax of Infinity% - -Infinity%.

Sales Tax in South Carolina

Sales tax is a crucial component of state revenue, influencing both businesses and consumers in various ways. In South Carolina, understanding the nuances of sales tax can help individuals and businesses make informed decisions. Whether you're a resident, a business owner, or someone planning to move to the Palmetto State, knowing about South Carolina sales tax is essential.

Breakdown of Sales Tax Rates in South-carolina

State Tax Rates

NaN%

County Tax Rates

Infinity% - -Infinity%

City Tax Rates

Infinity% - -Infinity%

Total Tax Rate

Infinity% - -Infinity%

What is Sales Tax in South Carolina?

Sales tax in South Carolina is a consumption tax imposed on the sale of goods and services. It is collected by retailers at the point of sale and passed on to the state government. This tax is crucial for funding state and local government projects, including education, transportation, and public safety. Understanding how this tax works is vital for both consumers and businesses operating within the state.

Sales Taxable and Exempt Items in South Carolina

In South Carolina, the sales tax applies to most goods and services, but there are notable exceptions. Here are some examples:

  • Taxable Items:Clothing, electronics, furniture, and prepared food.
  • Exempt Items:Prescription medications, unprepared food items (such as groceries), and certain agricultural supplies.

How Sales Tax is Calculated in South Carolina

Calculating sales tax in South Carolina involves applying the South Carolina sales tax rate to the purchase price of taxable goods and services. Businesses can use a South Carolina sales tax calculator or an SC sales tax calculator to ensure accuracy. The tax rate can vary depending on the county or municipality, as local jurisdictions may impose additional sales taxes on top of the state rate.

How to Make Sales Tax Compliance Easier and More Efficient

With sales tax laws constantly evolving, apps like FlyFin make it easier to manage taxes. FlyFin is leading the change in the tax industry by using AI alongside experienced CPAs. Whether the filing is simple or complex, FlyFin ensures highly accurate filings 20 times faster and at 5 times the cost savings. Best of all, your first sales tax filing is free, letting you grow your business while FlyFin's CPAs handle the tricky tax stuff.

The Role of Sales Tax in South Carolina's Local Economy

Sales tax plays a significant role in South Carolina's local economy by providing essential funding for public services and infrastructure projects. This tax revenue supports education, healthcare, and transportation, contributing to the overall quality of life in the state. By understanding the impact of sales tax, residents can appreciate its importance in maintaining a thriving community.

Understanding Sales Tax Nexus in South Carolina

A sales tax nexus in South Carolina refers to the connection between a business and the state that requires the business to collect and remit sales tax. This connection can be established through physical presence, such as a store or office, or economic presence, like significant sales volume. Businesses must be aware of their nexus status to comply with state tax laws.

What Forms are Needed for Sales Tax Filing in South Carolina?

Businesses in South Carolina must file sales tax returns using the appropriate forms, such as the ST-3 form for monthly filers. These forms can be submitted electronically through the South Carolina Department of Revenue's online portal. Accurate and timely filing is crucial to avoid penalties and ensure compliance with state regulations.

Does South Carolina Offer Filing Extensions?

South Carolina does offer filing extensions for sales tax returns under certain circumstances. Businesses must apply for an extension before the original due date and provide a valid reason for the request. It's important to note that an extension to file does not extend the time to pay any taxes owed.

Historical Context of Sales Tax in South Carolina

The history of sales tax in South Carolina dates back to the early 20th century when the state first introduced the tax to generate revenue for public services. Over the years, the South Carolina sales tax rate has evolved, reflecting changes in economic conditions and policy priorities. Understanding this historical context can provide valuable insights into current tax policies.

Comparison to State Tax and Local Policy Impacts

Compared to other states, South Carolina's sales tax rate is relatively moderate. However, local policies can significantly impact the overall tax burden, as counties and municipalities have the authority to impose additional local sales taxes. These local variations can affect consumer behavior and business operations across the state.

Unique Administrative Processes in South Carolina's Sales Tax Collection

South Carolina has implemented unique administrative processes to streamline sales tax collection and enhance compliance. For instance, the state offers online resources, such as the South Carolina sales tax calculator, to help businesses accurately calculate and remit taxes. Additionally, the state provides educational materials and support to assist businesses in navigating the complexities of sales tax regulations.

In conclusion, understanding the intricacies of sales tax in South Carolina is essential for both consumers and businesses. By staying informed about the South Carolina sales tax rate, taxable and exempt items, and filing requirements, individuals and businesses can ensure compliance and make informed financial decisions.

Sales Tax Rate in Major Counties of South-carolina

County

Total Sales Tax Rate

Facts and figures about
County, South Carolina

10,049

CPAs across the state

south-carolina
population

5,118,425

Residents as of 2022

population

292,470

People claiming self- employment tax deductions

population

124,010

S-Corps statewide

population

193,610

People taking itemized deductions

population

314,760

People claiming the QBI deduction

😵‍💫 Smart CPAs are accessible and affordable, but there's only 1 South Carolina CPA for every 300 residents.

😓 19 million taxpayers filed late last year. Smart CPAs can help taxpayers be prepared.

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😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.

South Carolina State Income Tax Rates & Brackets for 2023

The following tables represents South Carolina's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

$0 - $3,200

0.00%

$3,200 - $6,410

3.00%

$6,410 - $9,620

4.00%

$9,620 - $12,820

5.00%

$12,820 - $16,040

6.00%

$16,040+

7.00%

MARRIED FILING JOINTLY

Brackets

Rates

$0 - $3,200

0.00%

$3,200 - $6,410

3.00%

$6,410 - $9,620

4.00%

$9,620 - $12,820

5.00%

$12,820 - $16,040

6.00%

$16,040+

7.00%

Filing Status

Standard Deduction Amt.

Single

$12,950 (w)

Couple

#VALUE!

South Carolina State IRS Statistics of Income for 2020

Size of adjusted gross income

Item
(All amounts are in 1000s of dollars)

Number of returns

Number of single returns

Number of joint returns

Number of head of household returns

Number of individuals

Adjusted gross income (AGI)

Total income: Number

Amount

Salaries and wages in AGI: Number

Amount

Business or profession net income (less loss): Number

Amount

Partnership/S-corp net income (less loss): Number

Amount

Self-employed health insurance deduction: Number

Amount

Student loan interest deduction: Number

Amount

Charitable contributions if took standard deduction: Number

Amount

Total itemized deductions: Number

Amount

State and local income taxes: Number

Amount

State and local general sales taxes: Number

Amount

Qualified business income deduction: Number

Amount

Child and dependent care credit: Number

Amount

Child and other dependent tax credit: Number

Amount

Self-employment tax: Number

Amount

Earned income credit: Number

Amount

Refundable education credit: Number

Amount

Recovery rebate credit: Number

Amount

Total tax liability: Number

Amount

Total additional Medicare tax: Number

Amount

Net investment income tax: Number

Amount

Tax due at time of filing: Number

Amount

Total overpayments: Number

Amount

All returns

2,519,240

1,205,320

850,970

381,800

4,618,640

159,006,018

2,459,460

160,894,725

1,991,820

104,719,984

418,740

4,362,337

124,010

10,077,395

48,210

373,717

148,140

118,710

644,960

170,323

193,610

7,231,098

168,330

2,073,292

21,450

32,924

314,760

2,197,894

90,830

50,419

602,870

1,199,544

292,470

874,657

485,360

1,158,915

99,980

88,019

477,010

685,791

1,741,340

19,404,474

46,340

81,878

55,770

258,996

530,170

2,837,508

1,902,240

6,160,656

Under $1

88,700

66,440

15,210

4,350

117,580

0

28,950

0

8,550

314,783

15,890

0

6,340

0

1,580

9,725

1,260

1,268

12,180

3,171

0

0

0

0

0

0

0

0

0

0

70

35

3,590

9,124

5,300

8,219

1,810

1,677

50,880

74,906

4,880

12,432

180

310

0

0

2,440

5,630

64,910

160,683

$1 under $10,000

343,260

274,980

29,500

32,650

367,820

1,696,488

343,230

1,751,303

245,390

1,333,499

57,080

127,148

3,430

0

2,570

7,474

3,660

2,990

41,650

9,947

2,650

58,706

890

2,488

1,290

829

550

181

10

3

290

103

42,400

29,348

115,780

146,287

11,130

9,563

91,300

138,913

51,340

32,306

30

28

0

0

23,990

11,854

274,920

405,681

$10,000 under $25,000

515,560

318,490

64,330

119,380

812,320

8,954,247

515,560

9,096,727

403,980

6,468,161

93,890

572,913

7,160

0

4,720

14,964

12,480

9,624

88,100

22,453

6,780

160,894

3,130

6,168

2,890

2,299

29,870

19,176

5,320

1,706

57,510

20,646

71,090

119,397

195,750

619,698

22,790

19,340

110,440

166,697

288,990

258,287

40

65

0

0

50,650

49,103

449,520

1,305,001

$25,000 under $50,000

635,260

320,280

131,210

153,010

1,131,350

22,943,782

635,260

23,184,171

546,950

18,164,590

83,960

560,091

12,590

54,874

6,670

27,978

41,320

31,294

148,930

38,577

20,020

496,273

14,160

31,094

4,820

5,438

62,700

94,679

24,790

14,706

202,270

252,492

53,390

136,098

162,900

381,614

24,170

20,884

89,160

123,369

491,010

1,119,398

100

244

0

0

115,990

155,981

515,720

1,445,396

$50,000 under $75,000

330,420

130,800

137,040

45,960

658,440

20,258,118

330,420

20,467,740

277,000

14,972,573

49,160

454,672

13,060

122,315

5,390

29,801

33,300

27,187

106,510

28,331

27,520

680,330

22,850

77,365

4,000

5,386

48,460

112,663

14,010

7,543

108,360

252,542

33,140

101,249

5,630

3,097

12,650

11,354

46,040

60,185

305,500

1,444,407

70

87

20

41

89,910

183,162

239,640

641,481

$75,000 under $100,000

201,790

47,810

133,470

14,820

467,940

17,486,037

201,790

17,660,870

167,310

12,236,385

34,720

383,717

12,430

164,204

4,490

29,580

21,550

16,934

78,940

21,475

24,950

656,143

22,160

104,694

2,450

4,227

39,380

112,125

12,870

7,259

74,160

207,735

24,030

81,318

0

0

9,090

8,052

32,190

37,026

197,050

1,457,250

80

114

0

0

64,320

173,375

137,070

434,925

$100,000 under $200,000

301,660

37,260

249,790

9,740

780,670

40,705,092

301,660

41,135,805

254,500

28,069,754

58,040

980,122

32,410

856,352

10,470

88,207

34,580

29,413

133,650

36,625

61,410

1,936,928

57,380

445,147

3,620

7,912

81,280

365,576

25,690

14,565

125,110

361,727

41,510

182,324

0

0

18,340

17,149

56,100

84,236

300,020

4,538,340

2,850

822

1,160

411

125,750

550,928

175,340

743,565

$200,000 under $500,000

84,170

7,620

74,150

1,590

231,120

23,908,765

84,170

24,261,157

72,680

15,001,065

20,550

916,065

24,690

2,076,429

8,140

99,252

0

0

30,690

8,527

37,650

1,516,325

35,830

604,278

1,700

4,668

40,280

478,078

7,210

4,039

34,980

104,092

17,510

130,757

0

0

0

0

910

459

84,120

4,048,659

31,490

23,790

38,780

44,641

46,800

611,504

37,110

398,176

$500,000 under $1,000,000

12,710

1,120

11,250

210

35,950

8,563,256

12,710

8,706,298

10,760

4,254,700

3,680

329,402

7,540

1,856,163

2,610

40,544

0

0

3,230

914

8,360

524,714

7,860

296,066

470

1,590

7,980

230,013

730

458

130

172

3,830

44,267

0

0

0

0

0

0

12,710

2,009,003

8,010

24,145

10,720

51,596

7,370

364,853

5,290

182,236

$1,000,000 or more

5,710

510

5,030

100

15,450

16,990,853

5,710

17,090,158

4,690

3,904,474

1,760

319,951

4,370

5,709,132

1,590

26,192

0

0

1,070

303

4,290

1,200,785

4,070

505,992

210

575

4,270

785,403

200

140

0

0

2,010

40,775

0

0

0

0

0

0

5,710

4,484,392

3,490

32,273

5,090

162,307

2,950

731,118

2,720

443,512

Frequently Asked Questions

How does sales tax filing in South-carolina work?

Who is required to file sales tax returns?

Do I need to charge sales tax for online sales in South-carolina?

How often do I need to file sales tax returns in South-carolina?

What happens if I miss a sales tax filing deadline in South-carolina?

How can FlyFin CPAs help with sales tax in South-carolina?

Sales Tax in other Counties of South Carolina

What’s FlyFin?

FlyFin caters to the tax needs of freelancers, gig workers, independent contractors and sole proprietors. But anyone can file taxes through FlyFin! FlyFin tracks all your business expenses automatically using A.I. technology. Then, our CPA team files a guaranteed 100% accurate tax return for you – to save you a couple thousand dollars and a ton of time on your taxes. In addition, you can download the FlyFin app and have your taxes filed in less than fifteen minutes, saving time and money.
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