South Carolina DOR Provides Information on Family Income Tax Credits, Deductions

The South Carolina Department of Revenue (DOR) provided information to encourage taxpayers to take advantage of family income tax credits and deductions. The information includes eligibility requirements for: 1) the Earned Income Tax Credit; 2) the Child and Dependent Care Credit; and 3) the Two Wage Earner Credit. Information on the increased dependent exemption for the 2024 tax year, and deductibility of future college payments, is included. [S.C. Dep’t of Revenue, Press Release, 01/31/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.