The New Year is right around the corner, and with it will mark the completion of South Carolina giving residents who filed their 2021 tax returns a rebate of up to $800.
South Carolina residents who have filed their 2021 SC1040 tax forms by Oct. 17 can expect to receive this rebate before the end of the year. The money will be given in the same bank account that people received their 2021 refund in, according to the South Carolina Department of Revenue.The amount that one will receive is based on their 2021 tax liability, which is defined as the amount left over after subtracting credits from the income tax they owe.
Recipients can track their payments to get an idea of when they will arrive, though people will need either their Social Security number or the Individual Taxpayer Identification Number from their SC1040 form to use the tracking site.The Department of Revenue has capped the highest amount that people can receive from this rebate to $800, according to state legislation.
For people who have not yet filed their returns, there is still time to get this rebate. The deadline to file is Feb. 15, 2023, after which recipients will receive their rebate in March 2023.
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