Supported Forms

The following South Carolina forms are supported in Drake Tax 2023. Forms denoted with can be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID
CL-1	Initial Annual Report of Corporations		P	P
FS-102	Payment Plan Request	P
I-309	Nonresident Shareholder or Partner Affidavit and Agreement Income Tax Withholding			P
I-319	Tuition Tax Credit	P
I-330	Contributions for Check-Offs	P
I-333	Anhydrous Ammonia Additive Credit	P
I-334	Milk Credit	P
I-335	Active Trade or Business Income Reduced Rate Computation	P
I-335A	Worksheet 1, Pass-Through Income from a Sole Proprietorship	P
I-335B	Worksheet 2, Pass-Through Income from a Partnership or S Corporation	P
I-338	Composite Return Affidavit	P
I-349	Schedule for Business Closure or Organizational Change		P	P
I-360	Classroom Teacher Expenses Credit	P
I-361	Parental Refundable Credit	P
I-435	Active Trade or Business Income for Electing Partnerships and S Corporations			P	P
PT-100	Business Personal Property Return	P	P	P	P
SC 1065	Partnership Return				P
SC 1099	Special Withholding	P
SC 1120	C Corporation Income Tax Return		P
SC 1120S	S Corporation Income Tax Return			P
SC 1120-TC	Corporate Tax Credits		P	P
SC 1310	Statement of Person Claiming Refund Due a Deceased Taxpayer	P
SC 3911	Individual Income Tax Refund Tracer	P
SC SCH TC-1	Drip/Trickle Irrigation Systems Credit	P
SC SCH TC-11	Capital Investment Credit	P
SC SCH TC-12	Credit for Employers Hiring Recipients of Family Independence Payments	P
SC SCH TC-14	Community Development Tax Credit	P
SC SCH TC-19	Credit for a Gift of Land for Conservation or a Qualified Conservation Contribution of Real Property	P
SC SCH TC-2	Credit for State Contractors Subcontracting with Socially and Economically Disadvantaged Small Business	P
SC SCH TC-21	Credit for a Certified Historic Structure Placed in Service after June 9, 2015	P
SC SCH TC-22	Certified Historic Residential Structure Credit	P
SC SCH TC-23	Credit for Textiles Rehabilitation	P
SC SCH TC-24	Commercials Credit	P
SC SCH TC-25	Motion Picture Credits	P
SC SCH TC-26	Venture Capital Investment Credit	P
SC SCH TC-27	Health Insurance Pool Credit	P
SC SCH TC-28	SC Quality Forum Credit	P
SC SCH TC-29	Qualified Retirement Plan Contribution Credit	P
SC SCH TC-3	Water Resources Credit	P
SC SCH TC-31	Retail Facilities Revitalization Credit	P
SC SCH TC-32	Premarital Preparation Course Credit	P
SC SCH TC-35	Alternative Motor Vehicle Credit	P
SC SCH TC-36	Industry Partnership Fund Credit	P
SC SCH TC-38	Solar Energy, Small Hydropower System, or Geothermal Machinery and Equipment Credit	P		P
SC SCH TC-4	New Jobs Credit	P
SC SCH TC-43	Residential Retrofit Credit	P
SC SCH TC-44	Excess Insurance Premium Credit	P
SC SCH TC-5	Scenic Rivers Tax Credit	P
SC SCH TC-53	Energy Efficient Manufactured Home Credit	P
SC SCH TC-60	South Carolina Earned Income Tax Credit	P
SC SCH TC-62	Preceptor Credit	P
SC SCH TC-63	South Carolina Housing Tax Credit	P
SC SCH TC-9	Credit for Child Care Program	P
SC1040	Individual Income Tax Return	P
SC1040ES	Individual Declaration of Estimated Tax	P
SC1040TC	Tax Credits	P				P
SC1040-V	Individual Income Tax Payment Voucher	P
SC1041	Fiduciary Income Tax Return					P
SC1041 K-1	Beneficiary’s Share of South Carolina Income, Deductions, Credits, etc.					P
SC1041ES	Fiduciary Declaration of Estimated Tax					P
SC1041-V	Fiduciary Income Tax Payment Voucher					P
SC1065 K-1	Partner’s Share of South Carolina Income, Deductions, Credits, etc.				P
SC1065-V	Partnership Tax Payment Voucher				P
SC1120-CDP	Corporation Declaration of Estimated Income Tax		P	P
SC1120S K-1	Shareholder’s Share of South Carolina Income, Deductions, Credits, etc.			P
SC1120S-WH	Withholding Tax on Income of Nonresident Shareholders			P
SC1120-T	Application for Automatic Extension of Time to File Corporation Tax Return		P	P
SC1120-V	Corporate Income Tax Payment Voucher		P	P
SC2210	Underpayment of Estimated Tax by Individuals, Estates, and Trusts	P				P
SC2220	Underpayment of Estimated Tax by Corporations		P	P
SC2848	Power of Attorney and Declaration of Representative	P	P	P	P	P
SC41	Fiduciary Report of Nonresident Beneficiary Tax Withheld					P
SC4562	Depreciation and Amortization	P	P	P	P	P
SC4852	Substitute for Form W-2 Wage and Tax Statement	P
SC4868	Request for Extension of Time to File South Carolina Individual Income Tax Return	P
SC4972	Tax on Lump-Sum Distributions	P
SC8453	Individual Income Tax Declaration for Electronic Filing	P
SC8453C	Corporate Income Tax Declaration for Electronic Filing		P	P
SC8736	Request for Extension of Time to File South Carolina Return for Fiduciary and Partnership				P	P
Schedule AMD	Amended Return Schedule	P
Schedule NR	Nonresident Schedule	P

Obsolete Form

Form I-385, Motor Fuel Income Tax Credit, has been retired for tax year 2023.

Program Update

Form SC4868, Request for Extension of Time to File, can now be e-filed.

Tax Law Changes

• The “Qualifying Widow(er)” filing status has been changed to “Qualifying Surviving Spouse.”

• Dependent exemptions have been increased to $4,610.

• The 2023 top marginal individual income tax rate has been reduced to 6.4%.

• The Earned Income Credit has been increased to 125% of the federal credit.

• The Two Wage Earner Credit has been increased to a maximum of $350.