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South Carolina Capital Gains Tax Calculator

South Carolina taxes capital gains as ordinary income. Combined top rate: 29.0%.

Step 1: Your income before the capital gain

Your existing taxable income determines which federal capital gains bracket applies (0%, 15%, or 20%).

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Don't know your taxable income? Calculate it from gross income
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Standard deduction (single): $16,100

Or use the South Carolina Income Tax Calculator for a detailed breakdown.

⚠️ This calculator provides estimates for educational purposes only. It is not financial, tax, or legal advice. Your actual results may vary.

South Carolina Capital Gains Rules

  • 44% deduction on net capital gains

    SC allows 44% deduction on net capital gains, reducing effective top rate to ~2.92%

Frequently Asked Questions

Does South Carolina distinguish between short-term and long-term gains?
No. At the state level, South Carolina taxes both short-term and long-term capital gains as ordinary income. The federal preferential rates (0%/15%/20%) still apply to long-term gains for the federal portion.
How does South Carolina tax capital gains?
South Carolina taxes capital gains as ordinary income using progressive brackets. The top marginal rate is 5.2%, but your effective rate depends on your total taxable income.
What is the combined capital gains tax rate in South Carolina?
The maximum combined rate is 29.0% (federal 20% + NIIT 3.8% + state 5.2%). Most filers pay less because of progressive brackets and the federal 0%/15% rates.

Related Resources

South Carolina Capital Gains Tax Information

Official South Carolina tax information relevant to capital gains, including rates, forms, and filing resources.

South Carolina Income Tax Calculator

Calculate your South Carolina state and federal income tax

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