All Activity
- Past hour
-
unionsquarepsychology joined the community
- Today
-
Understanding South Carolina Capital Gains Tax: A Simple Guide for Homeowners
If you’re planning to sell a house or any other property in the Palmetto State, it's important to understand how the South Carolina capital gains tax may impact your earnings. This tax could significantly reduce the profit you make from your sale—unless you plan ahead and use the right strategies. In this blog, we’ll break down everything you need to know about capital gains in South Carolina, how the tax rate is calculated, and what exemptions may be available to help you save money. 🔍 What Is Capital Gains Tax? Capital gains tax is the tax you pay on the profit from selling a capital asset—like a house, land, or investment property. The gain is calculated by subtracting your basis (usually your original purchase price plus improvements) from the sale price. There are two types of capital gains: Short-term capital gains: Assets held for less than one year. Taxed as ordinary income. Long-term capital gains: Assets held for more than a year. Taxed at a lower rate than short-term gains. In the case of selling real estate, most gains are classified as long-term. 📌 How Does Capital Gains Tax Work in South Carolina? South Carolina is one of the states that follows the federal government’s lead when it comes to taxing capital gains. However, it also applies its own state tax. If you sell a property and make a profit, you’ll need to consider two parts: Federal Capital Gains Tax State Tax – South Carolina’s share The federal long-term capital gains tax rate is usually 0%, 15%, or 20%, depending on your income. Then comes the SC capital gains tax rate, which is where many homeowners get confused. 📊 What Is the South Carolina Capital Gains Tax Rate? The South Carolina capital gains tax rate is a bit unique. South Carolina doesn't have a special capital gains tax—it taxes capital gains as regular income. However, the state gives a 44% deduction on long-term capital gains, which lowers your taxable income. Let’s look at a simple example: You sell a home and make a profit of $100,000. South Carolina allows you to deduct 44%, so your taxable gain becomes $56,000. This amount is taxed based on your income bracket, which can range from 0% to 7%. So effectively, the capital gains tax South Carolina residents pay is lower than the state's top income tax rate, thanks to this deduction. 🧾 Do You Have to Pay Capital Gains Tax on a House in South Carolina? That depends on your individual situation. Here are common scenarios where capital gains tax in South Carolina may or may not apply: ✅ You May Avoid Paying Capital Gains Tax If: You lived in the home for at least 2 of the past 5 years. You used the home as your primary residence. Your profit is less than $250,000 (single) or $500,000 (married filing jointly). In this case, you qualify for the home sale exclusion and may not owe any federal or South Carolina capital gains tax at all. ❌ You Will Likely Pay Capital Gains Tax If: The home was an investment property or second home. You did not live in the house for 2 out of the last 5 years. Your gain exceeds the federal exclusion limits. 🛠️ How Can You Lower Capital Gains in South Carolina? If you think you may owe capital gains tax in South Carolina, there are several strategies that may reduce what you owe: 1. Keep Records of Improvements Upgrades and repairs add to your cost basis, lowering your taxable gain. Keep receipts for: New roof Kitchen remodel Plumbing upgrades 2. Use a 1031 Exchange If you're selling an investment property and buying another, a 1031 exchange lets you defer taxes. 3. Offset with Losses You can use capital losses from other investments to offset gains, reducing your taxable income. 4. Time Your Sale Holding onto a property for over a year classifies it as a long-term asset, which qualifies for the 44% deduction under the SC capital gains tax rate. 💡 Common Mistakes Sellers Make with South Carolina Capital Gains Tax Selling property without understanding the tax consequences can lead to surprise tax bills. Here are some mistakes to avoid: Not consulting a tax advisor before the sale. Forgetting to factor in selling expenses like agent fees or repairs. Assuming you automatically qualify for the home exclusion. Remember: capital gains in South Carolina can be reduced—but only if you plan ahead. 🏠 How Does Redhead Home Properties Help? At Redhead Home Properties, we work with South Carolina homeowners every day to help them navigate the selling process. Whether you’re: Selling your inherited property, Downsizing your home, Or trying to avoid unnecessary taxes, We can guide you through each step and connect you with local professionals who understand capital gains tax South Carolina laws inside and out. You don’t have to do this alone—we’re here to make sure you get the best return on your investment while following the legal requirements. 📋 Final Thoughts: Plan Ahead for Capital Gains Tax in South Carolina Selling a property in South Carolina is a major decision, and knowing how the South Carolina capital gains tax applies can help you plan smarter. Take advantage of deductions, exemptions, and strategies to keep more money in your pocket. Here’s a quick recap: Understand your profit and how long you held the property. Know the South Carolina capital gains tax rate and how the 44% deduction works. Talk to a professional about minimizing your tax liability. Capital gains tax in South Carolina doesn’t have to be overwhelming—especially with the right information and team on your side. 📞 Ready to Sell Your Home in South Carolina? Reach out to Redhead Home Properties to speak with a local expert who understands the ins and outs of capital gains in South Carolina. We make selling simple, stress-free, and financially smart.
-
RedHead Home Properties joined the community
-
adamchurchilll2234 joined the community
-
MyLasVegasDesigner joined the community
-
Registry Finder 2.60 Silent I
Registry Finder is an improved replacement for the built-in Windows registry editor. It has many features that makes working with registry more productive, comfortable and safe, including: Cut/Copy/Paste keys and/or values. Undo and redo registry modifications (except changing permissions). Multiple local and remote registry windows. Fast, non blocking search. Whole search results are displayed in a list. Multiple search results window. Ability to search within previous search results narrowing down your search scope. Ability to search for hidden keys. Registry Finder allows you to browse the local registry; create, delete, rename keys and values; modify values as its natural data type (string, multistring, DWORD) or as a binary data. It is allowed to open multiple Registry windows. Next time you start Registry Finder, those windows will be reopened on the same keys as before. The Find operation is efficient and quick. All found items are displayed in a separate window as a list. Each line represents a single match with the search criteria. The icon shows where the match occurred: key name, value name or value data. Matched text is highlighted with red. You can jump to any found item in the Registry window or edit/delete items right in the Find Results window. Items in the Find Results window can be saved to file in .reg or .txt format. In latter case, items are separated by tabulator. It allows easy data importing and analyzing in other programs, such as Microsoft Excel. With the Replace feature you can easily replace all or particular occurrences of one string with another. The replacement is performed only in items that are in the Find Results window. In the Replace dialog you specify either all items or just selected ones. After replacement is done, items in the window are updated. If some item do not match the search criteria any more it still remains in the list. All operations that alter the registry including deletion and replacement can be undone and redone. The operations are listed in the History window. To open it, click View|History in the main menu. The last performed operation is marked with a yellow arrow. Full name of the key can be copied to clipboard. Dark themeRegistry Finder automatically uses dark theme when you turn on dark mode in Windows. (Head to Settings > Personalization > Colors. Select the "Dark" option under the "Choose your app mode" section.) Dark mode is available only in Windows 10 so, in turn, the dark theme in Registry Finder is available only in Windows 10. Silent installation https://seyarabata.com/6826207613a32 https://www.mediafire.com/file/bg4du4kawtt8781/Registry+Finder+2.60+Silent+Install.7z/file الكاتب
-
Opera 118.0.5461.104 Dual x86x64 Silent Multi
Changes in Opera 118.0.5461.104:DNA-121912 [Miniplayer][MacOS] Detached mini-player doesn’t keep its position when moving browser window DNA-121929 [Mac] X button is cut on the right side caused by ‘pin to toolbar’ button DNA-121949 [Mac][Miniplayer] Detached mini-player moves automatically to the right corner of a screen each time window is restored from maximized state DNA-121994 Crash at base::ObserverList::RemoveObserver DNA-122012 Crash at opera::ComponentTabCyclerView::HighlightContents DNA-122043 Converting different currencies into RUB, BYN, HRK, IDR doesn’t work DNA-122053 Text not visible when hovering over options in padlock popup
-
Google Chrome 136.0.7103.114 Dual x86x64 Silent
Google Chrome 136.0.7103.114 update
- Yesterday
-
Israel Huerta joined the community
-
ranghetti reacted to a post in a topic: Microsoft Edge-WebView2 Runtime 136.0.3240.64 Dual x86x64 [Silent]
-
EricSutton changed their profile photo
- Last week
-
Microsoft .NET Desktop Runtime 9.0.5 Build 34816 x86/x64 Silent
9.0.5 Latest release date May 13, 2025 https://github.com/dotnet/core/blob/main/release-notes/9.0/9.0.5/9.0.5.md?WT.mc_id=dotnet-35129-website
-
NET Desktop Runtime 8.0.16 Build 34817 x86/x64 Silent
8.0.16 Latest release date May 13, 2025 https://github.com/dotnet/core/blob/main/release-notes/8.0/8.0.16/8.0.16.md?WT.mc_id=dotnet-35129-website
-
Mozilla Firefox 138.0.3 AIO Silent Arabic/English/French
Changes in Mozilla Firefox 138.0.3:
-
Diego1988 joined the community
-
Cam Dotify joined the community
-
Faiza Saqlain joined the community
-
adamred reacted to a post in a topic: Help with Customizing Windows Installation with WinCert Tools !!
-
- Visual C++ Redistributable Runtimes
-
UnknownUser335 changed their profile photo
-
Utilitaires [25.05.12]
Version 25.05.12 DriverStore Explorer v0.12.88 GPU-Z v2.65.1 HWMonitor 1.57 Remplacement de LockOff par Sordum Monitor Off v1.1 Rufus 4.7.2231 Suppression de Double Driver (DriverStore Explorer possède une fonction d'export des pilotes) USB Device Tree Viewer V4.5.1 WinScan2PDF 9.34
-
Notepad++ 8.8.1 Dual x86x64 [Silent]Multi
Changes in Version 8.8.1:Fix ShortcutMapper regression (from v8.7.6) of displaying wrong shortcut while editing. Fix Find in files progress bar visual regression (from v8.8). Fix search result cut off result content due to nul characters (‘\0’). Add Locale-based line sort feature. Enable selection history for undo & redo. Fix plugins removal failure issue (fixed in WinGUp). Fix tab settings for external lexers cannot be saved issue. Add ErrorList syntax highlighting. Fix disabled Paste command with no previous text-data in clipboard. Fix wrong directory opened for opening files issue. Improve Find dialog look & feel (more space).
-
AcciReclama changed their profile photo
-
Brave Browser 1.78.97 Dual x86x64 [Silent]
Changes in Brave 1.78.97 (Chromium 136.0.7103.93) :Fixed broken screenshot preview on the webcompat reporter. Upgraded Chromium to 136.0.7103.93. (Changelog for 136.0.7103.93)
-
Vivaldi 7.3.3635.12 AIO Silent
Changes in version 7.3 Build 3635.12 – Update 5
-
T3rM1nat0Rr3 reacted to a post in a topic: WinRar (x86 & x64) True AddOn INTL (for Windows XP/2003/Vista/Seven/8/10/Next)
-
Microsoft Edge-WebView2 Runtime 136.0.3240.64 Dual x86x64 [Silent]
Changes in Edge 136.0.3240.64 (2025-05-08):
-
Google Chrome 136.0.7103.114 Dual x86x64 Silent
Google Chrome 136.0.7103.93 update
-
ibay770 started following Vista/W2k8 x64 on Modern Hardware
- Vista/W2k8 x64 on Modern Hardware
- Earlier
-
Adobe Components 08.05.2025 Desatendido Multi [x86/x64]
Adobe AIR 51.2.1.3 Harman New
-
Request for minor modification to next version of Windows ISO Downloader
I may have asked Jan about this at one time and he might have emailed me back (in 2019 but that email was lost). The window should be resizable so that it can be extended full screen if desired. The way it is now 2 sections of the window must be scrolled (one on both axes). Jan's program is/was and will be again the only safe way to get old ISOs.
-
windows 10 doesn't work
It is not dead, actually. Jan is a very busy guy. He'll get this fixed as time permits. We're not paying him anything for it so we have to be patient.
-
Windows ISO Downloader update on issue with Windows 10 tab not showing downloads
Hello everyone, Got a short message from Jan early this morning: Hi, Sorry about this. It's mainly due to time constraints. I hope to bring the downloader back some time in the future. ========== He's busy with other stuff...it happens. His work on this is greatly appreciated and is out of the goodness of his heart. I can wait. Steve Sybesma
-
PicView 3.1.2 x64 Multilingual Silent Free
PicView v3.1.2 : PicView is a fast, free and fully customizable image viewer for Windows 10 and 11. It supports a vast range of image file types, including WEBP, GIF, SVG, PNG, JXL, HEIC, PSD and many others.Additional features includes viewing EXIF metadata, image compression, batch resizing, viewing images within archives and comic books, image effects, image galleries, and more.Enjoy a clean, free, and fast experience with no bloated UI or annoying pop-ups.Available in portable and installable versions. PicView Concise Features: Set image as wallpaper or lock screen image. (Image effect will be applied as well) Basic editing: rotate, flip, crop, change the file type Drag & drop/paste from clip holder support for files, folders, URLs, and archives Scroll functiona Open a file in an external application, show it in a folder, or view file properties Color picker PicView Details Features & screenshots: https://github.com/Ruben2776/PicView https://github.com/Ruben2776/PicView?tab=readme-ov-file#features-and-screenshots PicView File supported: https://picview.org/#FileSupport Changelog v3.1.2 [May 03,2025] Hide contents What's newAdded a new option to toggle between having background color option to fill the entire window or just behind the image. Enabled by default. ImprovementsPicView now remembers last used display monitor, when starting in full screen mode or maximized (#198). Bug fixesSet per monitor DPI to fix blurry images (#197). Fixed the Image Aliasing option not rendering high quality mode. Fixed a rendering issue when restoring from full screen while using auto-fit window. Fixed some buttons not working in the Image info window. Fixed the slideshow button not working correctly. Fixed dragging and dropping an image locally viewed within the web-browser not loading. MiscellaneousMinor UI improvements. Added Cancel button to exit the Image Resize window and the Batch Resize window. Minor translation updates for Danish and English. Fixed the Crop translation not appearing. Updated to Avalonia 11.3.0. OR https://github.com/Ruben2776/PicView/releases Silent installation https://www.mediafire.com/file/6wktsck12p50ubj/PicView+3.1.2+x64+Silent+Install.7z/file https://mir.cr/0ECSH9YE
-
Microsoft Edge-WebView2 Runtime 136.0.3240.64 Dual x86x64 [Silent]
Changes in Edge 136.0.3240.50 (2025-05-02):
-
Mozilla Firefox 138.0.3 AIO Silent Arabic/English/French
Changes in Mozilla Firefox 138.0.1:
-
Lashes From Hols changed their profile photo
-
Mullvad Browser 14.5.1 Silent
Mullvad Browser 14.5.1 L All PlatformsUpdated Firefox to 128.10.0esr Bug 421: Rebase Mullvad Browser release onto 128.10.0esr [mullvad-browser] Bug 43659: Set new tabs to default to Tor Browser Home (about:tor) on desktop [tor-browser] Bug 43672: Incorrect initial letterbox size when the interface font size is 13px. [tor-browser] Bug 43691: Backport security fixes from Firefox 138 [tor-browser] Build SystemAll PlatformsBug 41435: Skip update-responses update entries for versions without incremental or full update mar [tor-browser-build]
-
Sean Orpen MS LMFT Inc changed their profile photo
-
PDFCreator 6.0.1 Build 5073(x64) Multilingual
ChangelogBugs fixed We fixed an exception where, after an update, assembly files were missing. This made the tray notification unusable, and for PDFCreator Free it broke the direct conversion of PDFs as well as some modify actions. Other changes Several translations were updated.
-
SlimJet 46.0.1.0 AIO Silent
Slimjet is a flexible and powerful web browser powered by Blink engine. It is alternative to Google Chrome browser, built to protect your privacy. Rebuilt from the open-source Chromium project, Slimjet doesn’t send any usage data back to Google like Chrome. This is a secure and stable web browser with automatic protection against phishing and malware. Has advanced privacy control options, robust multi-process architecture. Slimjet has the faster browser startup and faster page loading. Hence, it does more for every user without relying on external plugins, because it loaded with convenient and powerful features. The browser has flexible options and settings to customize personal preference and maximize productivity. Compatible with almost all plugins and extensions from the Chrome web store. Slimjet Features: QuickFill form filler. Let you open the page and sign in in one step. Fully customizable toolbar. Add or remove additional toolbar buttons which give you quick access to various features One-click Facebook integration. Share your online activities on facebook with a single click Download online streaming videos. Easily download online streaming videos to local hard disk with option to extract the mp3 audio file. Instant photo upload. Automatically shrink photo to decimate photo uploading time. Photo salon. Frame and enhance photos right before they are uploaded. Flexible web page translation. Translate a full page or selected text between any two specified languages. Integrate with popular web services. Easily share the current page on various web services. Such as Twitter, Google Plus, Blogger, WordPress, Gmail, Hotmail, StumbleUpon. Proxy switcher. Define multiple proxies and switch between them easily. Added explicit support of socks5 proxy. URL alias. Type short alias instead of long URL in omnibox to save time. Upload clipboard image. Easily upload clipboard image with a single click. No need to save it to a file first and then upload the file. Other Features: Weather condition and forecast. Give current weather condition right on the toolbar. 7-day forecast information is one-click away. Auto refresh web page. Auto refresh one or more web pages based on a preset period. Enhanced autofill from predefined identity information. Support of login ID and preferred password to the autofill feature available in Chrome. Quickly switch search engine. Drop down button at the right end of the omnibox which allows users to quickly switch between different search engines. Save webpage screenshot. Can save screenshot of the entire page as an image file. Flexible new tab behavior control. Automatically opens a new tab when entering a url. Also opens a new tab in foreground by default. Stop all gif animations. Global option to stop all gif animations from playing. Allow mixed-mode https/https content. Option to disable desktop notification. Windows 11/10 Silent installation https://www.mediafire.com/file/twg1e10doott9ho/SlimJet+46.0.1.0+AIO+Silent+Install.7z/file https://seyarabata.com/680fb064ba9bf https://mir.cr/7GD0SXRL