Drake Tax – 2024 Form Availability and Tax Changes: South Carolina

Article #: 20042

Last Updated: March 13, 2025

 

Drake Tax logo

Important  Some South Carolina returns filed March 5 and March 6, 2025, may have had the incorrect amount of tax calculated on SC 1040, line 6. This issue was resolved with South Carolina update 8, released on March 6, 2025.

We recommend that you review individual returns that:

  • were filed March 5 and March 6, 2025,

  • had taxable income of $3,500 or more.

You do not need to take any steps to correct previously filed returns. The South Carolina DOR will adjust previously filed returns and send a notice to those taxpayers.

Supported Forms

The following South Carolina forms are supported in Drake Tax 2024. Forms denoted with e-Sign icon can be e-signed.

Note  Dates shown below are estimates based on the most up-to-date information currently available to Drake Software.

We are committed to meeting or exceeding the delivery dates listed; however, there may be additional factors that could impact the final date. The chart will be updated as new information becomes available.

Chart key:

t Form is supported in the indicated return type.

P Form is available for e-file / paper file.

r Form is not supported for e-file / paper file.

MM/DD Estimated availability date. Note that the date may differ for e-file vs. paper-file, and in some cases, e-filing may be approved before paper-filing or vice versa.

See Drake Tax - Do Not Mail Watermarks, Banners, EF Message 0001, Note 129 for more information about the notes, EF Messages, or watermarks that are generated during the approval process.

The chart may not be displayed as expected on mobile devices. The chart will wrap on smaller screens or windows - click the black arrow to expand the details when using this article on a smaller screen.

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

t

        r P
SC8453C e-Sign icon Corporate Income Tax Declaration for Electronic Filing   t t     r P
SC8736 Request for Extension of Time to File South Carolina Return for Fiduciary and Partnership       t t r P
Schedule AMD Amended Return Schedule t         P P
Schedule NR Nonresident Schedule t         P P

Modified Form

Form SC 3911 has been renamed "Report a Missing Refund." (Form SC 3911 was formerly "Individual Income Tax Refund Tracer.")

Program Update

Taxpayers with a taxable income of $17,330 or less in South Carolina are not eligible to benefit from the 3% rate for active or business income on SC Form I-335, Active Trade or Business Income Reduced Rate Computation.

Tax Law Changes

  • Dependent exemptions have been increased to $4,790.

  • The 2024 top marginal individual income tax rate has been reduced to 6.2%.

  • The volunteer deduction for certain public servants has increased to $6,000.

  • The subsistence allowance for certain public servants has increased to $16 each workday.

  • The Classroom Teacher Expenses Credit maximum allowable credit has increased to $400.