South Carolina residents have just over two weeks left to file their state individual income tax returns for 2020, making them eligible to receive rebates totaling up to $700 by the end of the year.
To qualify for the rebate, applicants must file their tax return by the extended deadline of Oct. 17, have a tax liability for 2021, and be a resident of South Carolina. The maximum payment one can receive is $700, and eligible applicants can calculate their rebate payments on the Department of Revenue’s website.
TAX REBATE 2022: SOUTH CAROLINA RESIDENTS HAVE UNTIL MID-OCTOBER TO CLAIM UP TO $700 CHECK
“When referring to this year’s rebate, you are considered as having tax liability if you owe state Individual Income Tax for the year 2021,” the agency wrote online. “The amount of your tax liability is determined by the amount of Individual Income Tax you owe, minus any credits.”
State lawmakers approved the distribution of the tax rebates during a session in June, including it in a $13.8 billion budget bill. The rebates are projected to cost roughly $1 billion, according to the Associated Press.
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Filers can arrange with the Department of Revenue to have their rebate checks come via direct deposit, debit card, or in the mail.
