SC workers to see less state taxes withheld in 2023

South Carolina residents will see less state taxes withheld from their 2023 paychecks, according to the SC Department of Revenue (SCDOR).

COLUMBIA, S.C. (WOLO)— South Carolina residents will see less state taxes withheld from their 2023 paychecks, according to the SC Department of Revenue (SCDOR).

The update comes as the result of changes in the state Withholding Tax Tables after the Comprehensive Tax Cut Act of 2022 was passed in the summer by state lawmakers.

Legislators voted to reduce the top Income Tax rate to 6.5% from 7%.

Officials say the tax rate is subject to change in the future if general fund growth tests are met.