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Unemployment Insurance - Tax Rules - South Carolina

All Unemployment Insurance benefits received are taxable. You have the option of having Federal and State taxes withheld from Unemployment Insurance benefits. Unless you indicate that you would like for taxes to be withheld, they will not be deducted from your Unemployment Insurance benefits. It may be necessary for you to make estimated tax payments. For more information on when you should make estimated tax payments, see IRS Publication 505, Tax Withholding and Estimated Tax, or the instructions for Form 1040-ES.

You will be furnished a Form 1099-G after the end of the year showing the amount of benefits you have been paid, as well as any Federal or State tax withholdings. The Internal Revenue Service and the State Department of Revenue will be furnished the same information.

It is the responsibility of each individual to inform the South Carolina Employment Security Commission any time a change of address occurs so the Form 1099-G will be sent to the correct address.

Additional Information

If you have any questions regarding taxation of benefits, you must contact either the Internal Revenue Service or the State Department of Revenue. Your unemployment claims office cannot answer any questions on this matter.

Also see:

Unemployment Insurance - Eligibility Requirements

Unemployment Insurance - Overview

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