$800 Tax Rebate Headed To South Carolina Residents in the Next Few Weeks

According to the South Carolina Department of Revenue, residents of the state who have filed their 2021 tax returns will only have to wait just over two weeks to receive a rebate of up to $800. This payment, which is being provided by the Department of Revenue, will be distributed to those who filed their SC1040 form by Oct. 17 before the year’s end.

The size of the rebate that an individual receives will depend on their 2021 tax liability, which is calculated by subtracting credits from the income tax they owe. If an individual’s tax liability is less than $800, they will receive a rebate equal to their tax liability. However, if an individual’s tax liability is $800 or more, they will receive a rebate of $800, according to the Department of Revenue.

Those who received their 2021 tax refund by direct deposit will have their rebate deposited into the same bank account. The maximum amount that an individual can receive from this rebate is $800, as mandated by state legislation.

To track their payment, individuals will need their social security number or individual taxpayer identification number from their SC1040 form. If an individual has not yet filed their tax return, they have until February 15 of the following year to do so in order to receive the rebate, which will be distributed in March 2023, based on the report published by the Washington Examiner on December 15, 2022.

This rebate is welcome news for South Carolina residents who are looking for financial relief during the holiday season. The Department of Revenue has made it easy for recipients to track their payments and ensure they receive them in a timely manner.