Gov. McMaster Announces Tax Rate Cuts for SC Businesses

Gov. McMaster announces tax rate cuts for SC businesses

(WSPA) -- Governor Henry McMaster announced Monday that South Carolina's unemployment insurance tax rates will decrease or remain the same for employers in 2026, resulting in a projected $40 million reduction in UI tax costs compared to 2025. The announcement was made alongside S.C. Department of Employment and Workforce (SCDEW) Executive Director William Floyd, highlighting [...]

Gov. McMaster announces significant cut in unemployment insurance tax rates

South Carolina Gov. Henry McMaster announced that next year’s unemployment insurance tax rates will decrease or stay the same.

McMaster announces projected 2026 unemployment tax cut

South Carolina Governor Henry McMaster along wiuth The South Carolina Department of Empoyment abd Workforce (DEW) announced that unemployment insurance tax rate

Gov. Henry McMaster, SCDEW Announce Tax Rate Cuts for South Carolina Businesses

COLUMBIA, S.C. – Governor Henry McMaster and S.C. Department of Employment and Workforce (DEW) Executive Director William Floyd today announced that South Carolina’s unemployment insurance (UI) tax rates will decrease or remain the same for employers in 2026. Overall, UI tax costs next year are projected to be $40 million lower than in 2025.