MYRTLE BEACH, S.C. (WBTW) — Most South Carolina workers could see less taxes withheld from their paychecks in 2023, according to the South Carolina Department of Revenue.

The top income tax rate was reduced from 7% to 6.5% by legislators in 2022, according to the SCDOR. The department has updated its withholding tables to reflect the tax cuts.

A worker making $39,000 with three allowances in 2022 would have had $1,378.86 withheld, while in 2023, under those same circumstances, would have $757.35 withheld, according to the SCDOR, giving that worker an extra $621.51 throughout the entire year.

The amount of change will depend on a number of factors for each individual taxpayer.

More information about the updated withholding tables and tax formulas can be found on the South Carolina Department of Revenue website.

📲 Download the News13 app to stay updated on the go.
📧 Sign up for WBTW email alerts to have breaking news sent to your inbox.
💻 Find today’s top stories on WBTW.com for the rand Strand and Pee Dee.

* * *

Kevin Accettulla is the digital executive producer at News13. Kevin is from Pittsburgh, Pennsylvania. He joined the News13 team in March 2020 after nearly two years at a sister station in Pennsylvania. Follow Kevin on Twitter and read more of his work here.