If a taxpayer contributes to a South Carolina Future Scholar (529) plan they may be eligible for a subtraction from income on their South Carolina tax return. A state income tax deduction of up to 100% to a Future Scholar 529 plan is available for South Carolina taxpayers, regardless of residency filing status.
To enter the deductible portion of the contributions in TaxSlayer Pro, from the South Carolina Return menu select:
- Subtractions from Fed Taxable Income
- Contributions to SC Tuition Payment Program
Additional Information:
South Carolina State Tax Information
South Carolina 529 College Savings Plan Common
While TaxSlayer Pro strives to make the information and links contained on this page as timely and accurate as possible, TaxSlayer Pro makes no promise or guarantee about the timeliness, accuracy or completeness of the contents of this page. The information contained on this page is for general information and is not intended to be tax advice. The user is also encouraged to review the underlying state resources and publications.