SC SCH TC 27: Health Insurance Pool Credit (Revision 2019-07)
South Carolina · South Carolina DOR · Used for tax years 2024, 2025, 2026
South Carolina Schedule TC-27 calculates the nonrefundable Health Insurance Pool Credit for replacement health insurance premiums. The credit is 50% of qualifying premiums paid during the tax year, up to $3,000 per qualifying person covered, and cannot exceed your current year's
Who files this form
Use SC SCH.TC-27 to claim the Health Insurance Pool Credit if you are an individual taxpayer who meets these requirements:
- You held a health insurance policy with an insurance company that withdrew from writing health insurance policies in South Carolina.
- That policy covered you, your spouse, and/or someone you were eligible to claim as a dependent on your federal Income Tax return.
- When seeking replacement insurance with substantially the same coverage, you were assigned to the South Carolina Health Insurance Pool.
- The replacement policy has a higher premium than the former policy.
What you'll need
Have the following information available to complete the form:
- Your name and Social Security Number. Individual taxpayers must provide their Social Security Number.
- The amount of replacement health insurance premiums you paid during the tax year.
- Your current-year tax liability.
- If you file Schedule NR, the percentage from line 45 of that schedule.
How to file
To calculate the credit:
- Enter the replacement health insurance premiums paid during the tax year on line 1.
- Multiply by 50% on line 2, limited to $3,000 for each qualifying person covered.
- If you file Schedule NR, enter the percentage from Schedule NR, line 45, on line 3 and multiply line 2 by that percentage on line 4. Otherwise, enter the line 2 amount on line 4.
- Enter your current-year tax liability on line 5.
- Enter the smaller of line 4 or line 5 on line 6. This is your total credit.
Paper filing: Attach the completed schedule to your Income Tax return.
Electronic filing: Keep a copy with your tax records.
Common mistakes
- Do not claim the credit for premiums deducted or excluded on your South Carolina or federal Income Tax return.
- Do not exceed the $3,000 limit for each qualifying person covered.
- Nonresidents must multiply the credit by the percentage on Schedule NR, line 45.
- Do not carry unused credit forward. The credit is nonrefundable.
- If filing on paper, remember to attach the schedule to your Income Tax return. If filing electronically, keep a copy with your tax records.
Questions people ask
How much is the credit?
The credit is 50% of qualifying premium costs paid during the tax year, up to $3,000 for each qualifying person covered. Nonresidents must apply the Schedule NR percentage, and the total credit cannot exceed current-year tax liability.
Who counts as a qualifying person?
You, your spouse, or someone you were eligible to claim as a dependent on your federal Income Tax return.
Can I claim the credit for premiums I deducted on my tax return?
No. The credit is not allowed for premiums deducted or excluded on either your South Carolina or federal Income Tax return.
Can I carry unused credit into a later year?
No. Any unused credit may not be carried forward.