Residents from South Carolina will be starting the New Year with $800 tax returns.
Stimulus Update: One-time Direct Tax Rebate
The precise amount that recipients will get from this payment will depend on their 2021 tax liability, which depends on the amount left over after subtracting credits from the income tax they owe. According to the South Carolina Department of Revenue, taxpayers with a tax liability of up to $800 will get exactly $800, in refunds, while those with tax liabilities of less than $800 would receive rebates equal to their tax obligation.
The money from this payment will be made to the same bank account from which people got their 2021 rebates. Residents of South Carolina who submitted their 2021 SC1040 tax returns by October 17 can anticipate receiving this reimbursement by December 31.
Online tracking payment monitoring is available for recipients who wish to get an idea of when they will receive their payment. To utilize this, people will need their Social Security number or the Individual Taxpayer Identification Number from their SC1040 form to use the tracking site.
File Your Tax Return Before the Deadline
According to state legislation, the Department of Revenue has capped the highest amount that people can receive from this rebate to $800, Additionally, for that resident who has not yet filed their returns, Feb. 15, 2023, is the deadline after which recipients will get their refund in March 2023.