South Carolina (SC) – 2022

South Carolina

Minimum WageSouth CarolinaFederal
Minimum Wage$7.25*$7.25
Minimum Cash Wage (Tipped Employee)$2.13*
Maximum Tip Credit$5.12*
Youth Minimum Wage$4.25*
State Income TaxSouth CarolinaFederal
Wage WithholdingTables
Supplemental Wage / Bonus Rate7.00%
Unemployment InsuranceSouth CarolinaFederal
Maximum 2022 Taxable Earnings (Unchanged from 2021)$14,000
Employee 2022 DeductionNone
Employer 2022 Tax Rates (Includes 0.0% solvency surcharge and 0.06% contingency assessment)0.06 – 5.46%
Standard 2022 New Employer Rate (Includes solvency surcharge and 0.06% contingency assessment)0.55%
Voluntary Contribution PermittedNo

Federal (FED) – 2022

Minimum WageFederal
Minimum Wage$7.25
Medicare Rate1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match)2.35%
Maximum Taxable EarningsNo Limit
Maximum Taxable Earnings (Increased from $142,800 in 2021)$147,000
Employee / Employer Tax Rate (Unchanged from 2019)6.20%
Health Savings AccountsFederal
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2021)$1,000
Pension PlansFederal
Catch-up Contribution Limit – 401(k) & 403(b) plans (age 50 or older) (Increase from 6,000 in 2019)$6,500
Contribution Limit – 401(k) & 403(b) plans (Increased from $19,500 in 2021)$20,500

South Carolina State Resources

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