Up to $800 tax rebates will be received by the residents of South Carolina this December 31. These rebates are intended to help the residents bear the rising costs of living, says Blake.Direct payments of up to $800 will be received by the residents of South Carolina by the end of December. The state of South Carolina has decided to offer its residents tax rebates to help bear the continuous increase in inflation. The state has officially started distributing the one-time direct payments last November. All payments are expected to be received by the end of December.
The amount of tax rebates the taxpayers will receive is based on their 2021 tax liability. For taxpayers who have tax liabilities of less than $800, the rebates to be received are equal to that amount. On the other hand, if the tax liabilities are more than $800, the rebates to be received will be $800 as well. These tax rebates will be released either via direct deposit or paper checks. These rebates will also reflect in the same bank account where the taxpayers received their 2021 tax rebates. If the taxpayer has filed their 2021 tax forms last October 17, the payments should be received before December 31.
According to Blake, under the announcement of a new deadline, if tax returns have not been filed yet, taxpayers can still file until February 15 of next year. By doing so, the tax rebates are expected to be received by March 2023. According to the director of South Carolina’s Department of Revenue Hartley Powell, to date, the state has already issued more than $1.39 million worth of tax rebates for Christmas. However, South Carolina officials announced that the distribution of the rebates may be delayed. A few of the reasons may be the slow processing system of the Department of Revenue or problems with the taxpayers’ filing of their tax returns.