SC SCH TC 45-B: Apprenticeship Credit (for tax years ending before May 21, 2024) (2024)
South Carolina · South Carolina DOR · Used for tax years 2024
South Carolina's Apprenticeship Credit form calculates a credit against Corporate or Individual Income Tax for tax years ending before May 21, 2024. It reports qualifying apprentices, subtracts those who qualified for the credit for four previous years, and calculates a $1,000 cr
Who files this form
Use this form to claim the Apprenticeship Credit against South Carolina Corporate or Individual Income Tax for tax years ending before May 21, 2024.
A qualifying apprentice must:
- Begin the apprenticeship after 2007.
- Be employed for at least seven full months of the tax year.
- Work under an apprentice agreement registered with the US Department of Labor’s Office of Apprenticeship of the Employment and Training Administration.
The credit is $1,000 per qualifying apprentice and may be claimed for a maximum of four tax years for each apprentice.
When it's due
For tax year 2024, this form applies only to tax years ending before May 21, 2024. This is an eligibility cutoff, not a filing deadline. The form does not state a filing due date.
What you'll need
To complete the form, have:
- Your name and SSN or FEIN. Individual taxpayers must provide their Social Security Number.
- The number of qualifying apprentices you employed.
- The number of those apprentices who qualified for the credit for four previous years.
Each qualifying apprentice must be employed under a registered apprentice agreement. The form does not say to attach that agreement.
How to file
- Enter the number of qualifying employed apprentices on line 1.
- On line 2, enter how many of those apprentices qualified for the credit for four previous years.
- Subtract line 2 from line 1.
- Multiply the result by $1,000 to calculate the allowable credit.
Individuals enter the credit on SC1040TC. Corporations enter it on SC1120TC.
If you file on paper, attach this form to your Income Tax return. If you file electronically, keep a copy with your tax records. No mailing address is printed on this form.
Common mistakes
- Do not use this form for a tax year ending on or after May 21, 2024.
- Do not claim the credit for more than four tax years for the same apprentice.
- Do not leave out your Social Security Number if you are an individual taxpayer. The form says it is mandatory.
- Remember to attach the form to a paper Income Tax return, or keep a copy with your tax records if filing electronically.
Questions people ask
How much is the credit?
The credit is $1,000 for each qualifying apprentice, subject to the four-tax-year limit for each apprentice.
How long must an apprentice work during the tax year?
The apprentice must be employed for at least seven full months of the tax year under a qualifying registered apprentice agreement.
Can I claim the credit for the same apprentice every year?
You may claim the credit for a maximum of four tax years for each apprentice.
Where do I enter the credit?
Individuals enter it on SC1040TC. Corporations enter it on SC1120TC.
Do I need to attach this form to my return?
Attach it to your Income Tax return if you file on paper. If you file electronically, keep a copy with your tax records.