A bill that would align South Carolina’s tax code with the federal has moved out of the Senate Finance Committee.

Higher income taxpayers – those with modified adjusted gross income exceeding $500,000, or $250,000 for those married filing separately – won’t be able to take full advantage of the $40,000 deduction.

Filling out your tax 2025 tax return may go a little differently this year, tax experts said. The One Big Beautiful Bill passed by Congress and signed into law July 4 contains some tax code changes, ...

While Republican-led states are mostly adopting the various tax changes from the One Big Beautiful Bill Act, some states led by Democrats are refusing to go along.

DC and Congress are involved in a tax battle over the changes included in President Trump's One Big Beautiful Bill Act.