Save on Your South Carolina Taxes This Year

One of the Best Tax Deductions of Any 529 Plan

When you contribute to a Future Scholar 529 College Savings Plan, you can save for your child’s future and save on your state income taxes all at the same time.

A state income tax deduction of up to 100% of contributions to a Future Scholar 529 plan is available for South Carolina taxpayers. If you file a resident or non-resident South Carolina state income tax return, you may be eligible for a tax-deductible contribution.

Last Minute Tax Breaks

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 April 15, 2024, to contribute and still get a break on your 2023 tax bill if you file a South Carolina tax return.

Ready to
get started?

Once you’ve enrolled in Future Scholar, it’s easy to make a contribution. Anyone, including parents, grandparents, or other family and friends, can contribute.

Enroll Gifts