Tax Day 2024 and How to Get an Extension from the IRS
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
On the hunt for South Carolina state tax information?
On the hunt for South Carolina state tax information? Below are all the details for South Carolina’s taxes, including local, state, unemployment, termination pay and more.
Register as an employer by filling out Form SCTC-111. Employee's Withholding Allowance Certificate: Federal W-4.
Withholding Method = formula.
Supplemental Rate = Withhold at 7.0%.
Local Taxes:
None.
State Unemployment Insurance (SUI):
Benefit ratio formula
Wage Base is $14,000 for 2016
Contribution rates range from 0.06% to 5.46% for 2016
New employers use 1.39% for 2016
Rates include the administrative assessment and interest surcharge.State Disability Insurance (SDI):</h2>None.
State Labor Laws:
Minimum wage - The federal minimum wage rate applies - $7.25.
Termination Pay - If employee is fired, the employer must pay within 48 hours or by next regular payday, provided that is less than 30 days away.New Hire Reporting
Employers must report hiring, rehiring, and return to work within 20 days on Form W-4 (or equivalent) to:
Child Support Enforcement Division
Department of Social Services New Hire Reporting Program
P.O. Box 1469
Columbia, SC 29202-1469
Phone: 803-898-9235
Fax: 803-898-9100
To report online, click here.Remit Withholding for Child Support to:</h2>Child Support Enforcement Division
Department of Social Services
3150 South Harden Street
P.O. Box 1469
Columbia, SC 29202-1469803-737-5870
To report online, click here.
Reciprocal States:
None.
Other Helpful Links:
South Carolina Department of Revenue. Employment Security Commission. For paycheck calculation visit the salary calculator of PaycheckCity.
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!
Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!