SC SCH TC 62: Preceptor Credit (2025)
South Carolina · South Carolina DOR · Used for tax years 2025
South Carolina Schedule TC-62 is used to claim the Preceptor Credit for Individual Income Tax. It reports preceptor hours and clinical rotations and calculates the credit, any deduction for additional qualifying rotations, and carryforward amounts.
Who files this form
Use SC SCH TC-62 to claim the Preceptor Credit. For 2025, you must:
- Be a physician, advanced practice registered nurse, or physician assistant.
- Serve as a preceptor for qualifying clinical rotations required by a medical school, physician assistant program, or advanced practice nursing program.
- Receive no compensation for serving as a preceptor during the tax year.
- Serve at least two rotations during the year.
- Practice at a free clinic or have at least 100 Medicare- or Medicaid-insured patients at your practice.
What you'll need
Have the following information ready to complete the schedule:
- Your name and identifying number. The form has an SSN or ITIN field, and its privacy disclosure states that individual taxpayers must provide their Social Security Number.
- Your preceptor type, compensation status, and whether your practice is a free clinic or meets the patient requirement.
- Your total preceptor hours and number of rotations for the tax year.
- Credit carryforwards from previous years and any deduction carryforward from the previous year.
- Your tax liability remaining after other credits.
If you file a paper return, attach a copy of the completed schedule. Keep a copy for your records.
How to file
- Paper return: Attach a copy of SC SCH TC-62 to your tax return.
- Electronic return: Include the information from SC SCH TC-62 when filing electronically.
Complete all sections of the schedule. Enter the current-year credit used from line 11 on your SC1040TC. Enter the total current-year deduction from line 19 on line v of your SC1040.
Keep a copy of the schedule for your records. The supplied text does not give a mailing address.
Common mistakes
- Using the wrong year's schedule. The form reminds you to use the correct TC-62 schedule for the tax year.
- Claiming the credit when you were compensated. Compensated preceptors do not qualify.
- Claiming the credit with fewer than two rotations. You must serve at least two rotations.
- Missing the practice requirement. Unless your practice is a free clinic, it must have at least 100 Medicare- or Medicaid-insured patients. Free clinics are directed to skip to Preceptor Type.
- Leaving sections incomplete. The form says to complete all sections, following its skip directions.
- Omitting the schedule or its information. Attach a copy to a paper return, or include its information with an electronic return. Keep a copy for your records.
Questions people ask
How much is the credit?
The credit is $1,000 for each qualifying rotation served, with a maximum of $4,000 per year. You must serve at least two rotations to qualify.
When can I claim the credit?
The credit is earned in the tax year the rotation is served. You can claim 50% in the year it is earned and 50% in the following tax year. The total credit you can claim is limited to 50% of your tax liability after all other credits are applied.
Can I carry unused credit forward?
Yes. Unused credits can be carried forward for up to 10 years after the year they are earned.
Can additional rotations qualify for a deduction?
If you earn the maximum credit and serve additional rotations that would have qualified, you may claim a deduction equal to the credit amount for those additional rotations. The deduction may be earned for up to six additional rotations, with a maximum deduction of $6,000. You can claim 50% in the year it is earned and 50% in the following tax year.