Stimulus update: South Carolina citizens who have filed their 2021 tax forms are eligible for a $800 reimbursement.
The rebate amount will be decided by the taxpayer’s tax liability in 2021. According to the South Carolina Department of Revenue, persons with tax liabilities less than $800 will receive a rebate equal to their tax liability, while those with tax liabilities equal to or greater than $800 would receive exactly $800.
Tax liability is defined as what remains after a filer deducts their credits from the Individual Income Tax that they owe. According to state law, the Department of Revenue has limited the maximum amount that consumers can receive from this return to $800.
People who filed their 2021 SC Individual Income Tax return (SC 1040) by October 17 will be eligible for this reimbursement before the end of the year. If you received your 2021 refund via direct deposit, you will receive this reimbursement in the same bank account.
Paper checks will be delivered to those who notified the department of a change in their banking information by Nov. 1, received their 2021 refund by debit card or paper check, received their 2021 refund by direct deposit to a prepaid or pay-as-you-go debit card, had a balance due and did not get a refund, or used a tax preparer’s account.
Those who file their taxes after October 17 have until February 15 of the following year to file in order to receive this compensation. They will be paid back in March 2023.
To track rebates online, filers must have their Social Security number or the Individual Taxpayer Identification Number from their 2021 SC 1040. Line 10 from the 1040 card will also be required.