Contributions to a South Carolina Future Scholar 529 plan may be eligible for a subtraction from income on the South Carolina individual tax return.
The allowable subtraction is as follows:
- SC College Investment Program - The taxpayer may deduct 100% of their contributions made between January 1 of the tax year and the April 15 filing deadline the following year.
- SC Tuition Prepayment Program - The taxpayer may deduct 100% of their contributions made between January 1 and December 31 of the tax year.
To enter Future Scholar 529 contributions in the South Carolina individual tax return in TaxSlayer ProWeb, from the South Carolina Return menu select:
- Subtractions from Income
- Contributions to South Carolina Tuition Prepayment Program or South Carolina College Investment Program - Enter the amount contributed.
Additional Information:
South Carolina State Tax Information
South Carolina 529 College Savings Plan
TaxSlayer Pro strives to keep the information on this page timely and accurate but makes no promise or guarantee about the timeliness, accuracy, or completeness of the contents of this page. This is general information and is not intended to be tax advice. You are encouraged to also review the underlying state resources and publications.