01/13/2025 | Press release | Distributed by Public on 01/13/2025 11:05
The SCDOR will begin accepting 2024 Individual Income Tax returns on January 27, 2025, consistent with the date announced by the IRS. The filing deadline for 2024 returns is May 1, 2025, due to relief granted in October as the result of Hurricane Helene.
"I am pleased that South Carolinians are filing online and choosing direct deposit in greater numbers than ever before," said SCDOR Director Hartley Powell. "Our ultimate goal is for all taxpayers to file electronically since it is the safest, most accurate way to file, and it's the fastest way to receive refunds."
An increase in the dependent exemption - The exemption amount for tax year 2024 is $4,790, up from $4,610. The exemption is allowed for each eligible dependent, including both qualifying children and qualifying relatives.
A reduction in the Income Tax rate - The 2024 top marginal rate is 6.2%, down from 6.4%. Use the 2024 SC1040 Tax Tables to determine your rate.
Deduction increases - Two deductions have doubled for Tax Year 2024:
Stay Connected!
We're providing filing tips all season long at @theSCDOR. Plus, our Instagram account is a fun way to learn more about job openings at our agency, upcoming Taxpayer Education events, and more.
Find more tax season resources at dor.sc.gov/iit. Follow the SCDOR on Facebook, X (formerly known as Twitter), and YouTube, and subscribe to ReveNews for the latest updates, resources, and reminders.