SOUTH CAROLINA 529 PLAN · TAX YEAR 2026
South Carolina 529 tax deduction calculator
South Carolina lets you deduct the whole amount you contribute to Future Scholar, its 529 plan, with no dollar limit. A single filer with $75,000 of wages who contributes $5,000 saves $261 of South Carolina tax.
State tax saved
- South Carolina tax saved
- $260.50
- Deduction
- $5,000.00
- Deduction limit
- No limit
- South Carolina tax before
- $2,657.03
- South Carolina tax after
- $2,396.53
South Carolina tax saved by contribution
With $75,000 of wages and one beneficiary.
| Contribution | Single | Married filing jointly |
|---|---|---|
| $1,000 | $52 | $52 |
| $5,000 | $261 | $261 |
| $10,000 | $521 | $521 |
| $20,000 | $1,042 | $881 |
South Carolina 529 tax questions
Does South Carolina have a 529 tax deduction?
Yes. South Carolina lets you deduct the whole amount you contribute to Future Scholar, its 529 plan, with no dollar limit.
How much does a $5,000 529 contribution save in South Carolina?
$261 of South Carolina tax for a single filer with $75,000 of wages, and $261 for a married couple filing jointly with the same income.
Which 529 plans qualify for South Carolina's deduction?
Only Future Scholar and the South Carolina Tuition Prepayment Program.
Can a contribution made in 2027 count for South Carolina's 2026 deduction?
Yes, for Future Scholar: contributions from January 1 of the tax year through April 15 of the next year count. Tuition Prepayment Program contributions must be made by December 31.
What the calculator leaves out
The calculator assumes the contribution goes to a plan that qualifies for the state's benefit: the state's own plan unless the state accepts any 529 plan. Wages are the only income, and they stand in for the income a state tests against its limits. Per-beneficiary limits assume the contribution is split evenly. Federal tax does not change, because 529 contributions aren't federally deductible. Carryforwards of earlier contributions, recapture on nonqualified withdrawals and city or school district taxes are left out.