Did you know you can still get a deduction on your South Carolina state tax return for contributions made to a Future Scholar College Savings Plan?
It’s true. In fact, South Carolina is one of six states where you can still make a contribution to the state administered 529 plan – Future Scholar – and claim a deduction for the prior tax year, up until you file your tax return.
Yes, you read that correctly. You have until May 17, 2021 to contribute and still get a break on your 2020 tax bill if you file a South Carolina tax return.