SOUTH CAROLINA CAPITAL GAINS TAX · TAX YEAR 2026
South Carolina capital gains tax calculator
South Carolina deducts 44% of a net capital gain from assets held more than a year and taxes the rest at its ordinary rates, up to 5.21%; short-term gains are taxed in full. On a $50,000 long-term gain with $75,000 of wages, a single filer owes $1,743 of South Carolina tax and $7,500 of federal income tax, $9,243 in all, and keeps $40,757.
Tax on your gain
- Total tax on the gain
- $9,243.27
- Federal income tax
- $7,500.00
- Net investment income tax
- $0.00
- South Carolina tax
- $1,743.27
- After-tax gain
- $40,756.73
- Effective rate
- 18.49%
- Gain South Carolina excludes
- $22,000.00
South Carolina tax by size of gain
What a single filer with $75,000 of wages owes on a long-term gain, and the state tax if the same gain were short-term. Federal tax includes the net investment income tax.
| Gain | Federal tax | State tax | State tax if short-term |
|---|---|---|---|
| $10,000 | $1,500 | $371 | $663 |
| $50,000 | $7,500 | $1,743 | $2,889 |
| $100,000 | $15,000 | $3,202 | $5,494 |
| $250,000 | $42,250 | $7,578 | $13,309 |
| $1,000,000 | $208,920 | $29,460 | $52,384 |
South Carolina capital gains tax questions
Does South Carolina tax capital gains?
Yes. South Carolina deducts 44% of a net capital gain from assets held more than a year and taxes the rest at its ordinary rates, up to 5.21%; short-term gains are taxed in full.
How much South Carolina tax is due on a capital gain?
A single filer with $75,000 of wages owes $1,743 of South Carolina tax on a $50,000 long-term gain, 3.49% of the gain, and $7,578, 3.03%, on a $250,000 gain. Federal tax on the same gains is $7,500 and $42,250.
Does South Carolina tax short-term capital gains differently?
Yes. A $10,000 short-term gain owes $663 of South Carolina tax, against $371 on a long-term gain. Federal tax on it is $2,200, against $1,500.
What the calculator leaves out
Federal tax stacks the gain on wages after the 2026 standard deduction, taxes a long-term gain at the long-term capital gains rates and a short-term gain at the ordinary brackets, and adds the net investment income tax. The gain is the only investment income. Capital losses and carryovers, qualified dividends, the collectibles and section 1250 rates, the alternative minimum tax and credits are left out; enter a home sale's gain after any federal exclusion.