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Re: I will be receiving a payout from an inherited 401k. I understand I will have to withhold 20% for federal taxes. How do I calculate how much to withhold for my state?
Hal_Al
Level 15
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State tax filing
Simple answer: 7%.
South Carolina Taxable Income
Rate
$0 - $3,030
0%
$3,030 - $6,060
3%
$6,060 - $9,090
4%
$9,090 - $12,120
5%
$12,120 - $15,160
6%
$15,160+
7%
‎December 13, 2020
5:12 AM
