529 contributions in South Carolina
Varies
Are 529 Contributions Tax Deductible in South Carolina?
Short answer: Yes on your South Carolina return: Unlimited (full contribution). Only contributions to the state's own plan count. Future Scholar only (incl. rollovers in); contributions through April 15 may be deducted for the prior year; principal recaptured if nonqualified.
There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Records to keep: Keep receipts, statements, and a note of what each cost was for. Compare itemizing to the 2026 standard deduction ($16,100 single / $32,200 joint) before you claim.
529 contributions in South Carolina
Varies
Individuals / Personal Taxes
Yes on your South Carolina return: Unlimited (full contribution). Only contributions to the state's own plan count. Future Scholar only (incl. rollovers in); contributions through April 15 may be deducted for the prior year; principal recaptured if nonqualified.
Business justification
Yes on your South Carolina return: Unlimited (full contribution). Only contributions to the state's own plan count. Future Scholar only (incl. rollovers in); contributions through April 15 may be deducted for the prior year; principal recaptured if nonqualified. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions