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Click ‘Get Form’ to open the WH-1606 in the editor.
Begin by filling in the top section with your business name, SC withholding file number, Federal Employer Identification Number (FEIN), and the year for which you are filing. Ensure all entries are clear and accurate.
For line 1, enter the total SC state income tax withheld from all sources during the fourth quarter. If this is an amended return, provide the corrected amount.
On line 2, input the total SC state income tax deposits or payments made during the fourth quarter. Include amounts paid with any original WH-1606 if applicable.
If applicable, enter any SC refund on line 3. Remember that SCDOR will not honor credit transfer requests.
Calculate and enter any SC tax due on line 4 if your deposits are less than your withheld amount.
Complete lines 5 and 6 by entering any penalties and interest due, followed by the net amount owed.
For annual reconciliation (lines 7 through 10), recap SC tax withheld by quarter and ensure totals match W2s, W2Gs, and 1099s submitted.
Finally, authorize your submission by signing at the bottom of the form and providing your contact information.
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Withholding Tax is taken out of taxpayer wages to go towards the taxpayers total yearly Income Tax liability. Every employer that has an employee earning wages in South Carolina and who is required to file a Withholding return with the IRS is also a withholding agent in South Carolina.
What is the sc tax withholding percentage?
Tax Withholding Table If the Amount of Taxable Income Is:The Amount of Tax Withholding Should Be: Over $0 but not over $3,560 $0 Over $3,560 but not over $17,830 $0.00 plus 3.0% of excess over $3,560 Over $17,830 $428.10 plus 6.2% of excess over $17,830 Mar 24, 2025
What tax type is 1606?
1606 (Withholding Tax Remittance Return) instead of the BIR Form No. 2307. Form 1606 is the return used, many times by the seller itself, to remit to the BIR the withholding tax on the purchase of real property.
What is a WH-1606 form?
There are two types of Withholding Tax returns: the WH-1605 and the WH-1606. Annual filers should only file the WH-1606. WH-1605: SC Withholding Quarterly Tax Return. You must complete the WH-1605 for the first three quarters of the year. WH-1606: SC Withholding Fourth Quarter and Annual Reconciliation Return.
south carolina tax incentives for economic development
May 9, 2018 ◇ The business must use pre-printed Forms WH-1605Z and WH-1606Z provided by the. Department to claim the job development credit. These formsRead more
You must file WH-1606 even if you withheld no SC Income Tax during the quarter. Do not enter negative numbers. All cent fields must be completed usingRead more
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