South Carolina Capital Gains Tax Calculator
Calculate your 2026 capital gains tax in South Carolina. South Carolina taxes capital gains at rates up to 5.21%, plus federal taxes.
Original purchase price
Renovations, additions — added to your basis
Agent commissions, closing costs, title & transfer fees
Total Tax
$39,635
19.8% effective rate
Capital Gain
$200,000
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Tax Breakdown
Sale price minus selling costs and all taxes (before any mortgage payoff).
Federal
$33,800
SC State
$5,835
Effective Rate
19.8%
South Carolina Capital Gains Tax
South Carolina taxes capital gains as ordinary income but deducts 44% of net capital gain from assets held more than one year, so the 5.21% top rate works out to about 2.92% on long-term gains. Act 110 of 2026 set two brackets for 2026: 1.99% on taxable income under $30,000 and 5.21% above that. This calculator applies the 5.21% rate to the whole gain, which slightly overstates the tax for lower-income filers. From 2027 the top rate drops further in any year that income tax revenue is projected to grow at least 5%.
Long-term: Taxed as ordinary income (up to 5.21%), less a 44% deduction (about 2.92% effective)
Short-term: Taxed as ordinary income (up to 5.21%)
NIIT Applied
The 3.8% Net Investment Income Tax applies because your income exceeds $200,000.
South Carolina 44% long-term gain subtraction applied
Applies South Carolina's 44% deduction of net capital gain, which covers gains on assets held more than one year (S.C. Code § 12-6-1150).
South Carolina Capital Gains Tax Details
Tax Treatment
Tax Type
Taxed as ordinary income
Maximum Rate
5.21%
Available Exemptions
- Federal home-sale exclusion ($250K single / $500K married filing jointly) flows through to the South Carolina return
- 44% deduction of net capital gain from assets held more than one year (S.C. Code § 12-6-1150)
- Selling costs and capital improvements reduce the taxable gain
South Carolina Capital Gains Tax FAQ
Official References
- IRS Topic 409: Capital Gains and Losses
Federal capital gains tax guidance
- IRS Publication 523: Selling Your Home
$250K / $500K home-sale exclusion, basis adjustments, and selling expenses
- SCDOR — Information Letter #26-20, Individual Income Tax Reform
South Carolina state capital gains rules
This calculator provides estimates. Consult a tax professional for advice specific to your situation in South Carolina.
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