In January 2017, South Carolina is updating Withholding Tax tables for the first time in 25 years. This is a big change to South Carolina’s Withholding process, and we want you to be ready!
Are you an individual taxpayer? No action is necessary to prepare for this change. Beginning in 2017, you may notice a very small increase in your paychecks throughout the year which will result in a slightly smaller South Carolina income tax refund in 2018.
Employers who process their own payrolls will need to make sure your withholding tables are updated for these changes before you run your first 2017 payroll!