SCorpDesk / 2026 S-Corp & QBI Guides / South Carolina (SC) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
South Carolina (SC) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
What are the 2026 S-Corp tax and PTET rules in South Carolina?
In South Carolina (SC), the 2026 S-Corporation election rule is: Recognizes Federal Form 2553 (Form SC1120S). For the Pass-Through Entity Tax (PTET) deduction: 3.00% South Carolina Active Trade or Business / PTET Rate. Entity-level franchise/minimum tax: $25 Minimum License Fee ($1 per $1,000 capital).
In South Carolina (SC), the 2026 S-Corporation election rule is: Recognizes Federal Form 2553 (Form SC1120S). For the Pass-Through Entity Tax (PTET) deduction: 3.00% South Carolina Active Trade or Business / PTET Rate. Entity-level franchise/minimum tax: $25 Minimum License Fee ($1 per $1,000 capital).
Open South Carolina 2026 S-Corp & 20% Permanent QBI Calculator
2026 South Carolina (SC) S-Corporation Statutory Tax Matrix
| South Carolina S-Corp Compliance Area | 2026 Statutory Rule |
|---|---|
| State S-Corp Election Recognition | Recognizes Federal Form 2553 (Form SC1120S) |
| Pass-Through Entity Tax (PTET) Election | 3.00% South Carolina Active Trade or Business / PTET Rate |
| Annual Minimum / Franchise Tax | $25 Minimum License Fee ($1 per $1,000 capital) |
| Federal Section 199A QBI Deduction | Up to 23% of qualified K-1 income under Public Law 119-21 |
| Home Office & Mileage Deduction Method | Must use an IRC Section 62(c) Corporate Accountable Plan |
Frequently Asked Questions
Does South Carolina require a separate state S-Corp election in 2026?
For South Carolina (SC): Recognizes Federal Form 2553 (Form SC1120S).
What is the South Carolina S-Corp franchise or minimum tax for 2026?
In South Carolina: $25 Minimum License Fee ($1 per $1,000 capital).