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.
South Carolina allows a deduction of 100% of any contributions made to the SC Tuition Prepayment Program in 2023, and 100% of any contribution made to the SC College Investment Program made in 2023 and through April 15, 2024.
To enter the deductible portion of the contributions that were made in the ProWeb program, from the main menu of the South Carolina return, select:
- Subtractions from Income
- Contributions to South Carolina Tuition Prepayment Program or South Carolina College Investment Program
Additional Information: