What changes were made to exemptions?
The exemption amount has increased to $4,190. This will include the taxpayer(s) and qualifying dependents claimed.
What changes were made to the credits?
- The Income Tax credit increased from 3 cents per gallon to 5 cents per gallon for 2019. Full or part-year resident taxpayers may claim the credit. The credit is limited to two motor vehicles or motorcycles.
- Full-year residents may claim the non-refundable credit for 2019.
- Married couples filing jointly when both taxpayers have earned income taxed to South Carolina has increased.