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York and Lancaster Counties Rock Hill - Fort Mill - York - Tega Cay - Lancaster
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Old 01-23-2012, 10:48 AM
NDL NDL started this thread
 
Location: The CLT area
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I know that if I live in SC, and work in NC, I will have to pay both state income taxes of 7%.

Question: Is this something that an employer will automatically take out of my paycheck - meaning, will my employer take out both state income taxes per pay period, or will my employer take for NC only, which will leave me with a huge SC tax bill at the end of the year?

Thanks in advance!
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Old 01-23-2012, 10:55 AM
 
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I also live in SC/Work in NC. My employer automatically takes my NC taxes out...they do not take out taxes for SC. I am responsible for paying that at the end of the year.
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Old 01-23-2012, 10:57 AM
 
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A credit is allowed for income taxes paid to another state on income which is taxable in both states, so you will only have NC taxes taken out and you will apply that as a credit on your south carolina taxes. NC taxes are higher so you will be fine.
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Old 01-23-2012, 11:14 AM
 
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Quote:
Originally Posted by NDL View Post
I know that if I live in SC, and work in NC, I will have to pay both state income taxes of 7%.

Question: Is this something that an employer will automatically take out of my paycheck - meaning, will my employer take out both state income taxes per pay period, or will my employer take for NC only, which will leave me with a huge SC tax bill at the end of the year?

Thanks in advance!
I worked in North Carolina for many years and NC tax was deducted out of my check and of course the IRS got their pound of flesh. On April 15 I filed NC taxes and had to attach a copy of my NC return to my SC forms. I never paid SC taxes on my NC salary ... but boy oh boy did I have to pay NC.
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Old 01-23-2012, 11:14 AM
NDL NDL started this thread
 
Location: The CLT area
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Thank you both for your quick and helpful replies.

So if I understand this correctly: My employer in NC will take out NC state taxes, *and I will not be responsible* for paying SC taxes?
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Old 01-23-2012, 11:16 AM
NDL NDL started this thread
 
Location: The CLT area
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Thanks Carolina Woman, for your helpful info as well!

Seems that they get you, one way or another...at least property taxes are low .
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Old 01-23-2012, 11:17 AM
 
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Originally Posted by NDL View Post
Thank you both for your quick and helpful replies.

So if I understand this correctly: My employer in NC will take out NC state taxes, *and I will not be responsible* for paying SC taxes?
You will be responsible for FILING sc taxes, you just take the NC taxes paid as a credit on your sc taxes which will be a wash.
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Old 01-23-2012, 11:33 AM
NDL NDL started this thread
 
Location: The CLT area
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Thanks Maine!
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Old 01-23-2012, 01:38 PM
 
Location: On the East Coast
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NDL..........My DH still "works" in Pennsylvania and I worked for 1.5 years in NC. Although we file in all three states, the only SC tax we had to pay was on any interest we earned. DH taxes went to PA, mine went to NC. Actually got a refund back from NC due to the way they calculate them.

I currently do fed, 3 states and a local (in PA). I'll be glad when he retires so that I can get rid of all the extra returns! Costs me a fortune in TurboTax, although I do the PA ones by hand because they are extremely easy compared to the SC and NC state ones.
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Old 01-24-2012, 11:25 AM
NDL NDL started this thread
 
Location: The CLT area
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Thanks Rothbear, for putting my concerns to rest . Though I like several towns in NC, I'd like to make my permanent residence in SC - and this tax issue was the only "fly in the ointment."

Thanks everyone, for putting to rest my concerns !
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