Taxpayers in South Carolina may be eligible for tax rebates worth up to $800 that would be sent out by the end of December.
All taxpayers that filed their 2021 South Carolina Individual Income Tax return, or SC1040, by Oct. 17 will be eligible, according to the South Carolina Department of Revenue. One's rebate amount depends on their 2021 tax liability, with a maximum of $800. Those able to receive the rebate will obtain it via mail or direct deposit by the end of the year. The first rebates have already been sent out and will continue through December.
To calculate one's rebate total, one must first obtain their SC1040 form. If there is no amount on line 10, add the totals on lines 21 and 22, and subtract this from line 15. The remaining amount, up to $800, will be the amount received. Taxpayers with an outstanding individual income tax bill with the SCDOR will receive even less, with the outstanding amount being subtracted from the total. Those who have outstanding bills will receive a Notice of Individual Income Tax Rebate Adjustment from the department.However, it isn't too late for those who didn't file their tax return by Oct. 17, as the department is accepting filings until Feb. 15, although they won't receive their rebates until March 2023.
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