What you need to know:
Rebates are now being issued as direct deposits and paper checks.
The maximum rebate cap is $800, meaning if your tax liability is more than that, you will get an $800 rebate.
If you filed your 2021 SC Individual Income Tax return by October 17, you will receive your rebate by the end of the year and can track your rebate status online.
See AlsoStimulus Payments Are Coming to These States in OctoberIf you file taxes in these 17 states, you could be getting an inflation-relief check from the government—here's who qualifiesThese 16 states are issuing additional stimulus checks to qualifying residentsWho may still be eligible for $1,400 stimulus checks with their 2021 tax returns
The South Carolina Department of Revenue (SCDOR) has begun issuing 2022 Individual Income Tax rebates to eligible taxpayers.
The rebate amount is based on an individual's 2021 tax liability, up to a cap. As outlined in the legislation approving the rebates, the SCDOR has set the rebate cap – the maximum amount taxpayers can receive – at $800.
Tax liability is what's left after subtracting your credits from the Individual Income Tax that you owe. If your tax liability is less than $800, your rebate will be the same amount as your tax liability. If your tax liability is more than or equal to the $800 cap, you will receive a rebate for $800.
When you will get your rebate:
If you filed your 2021 SC Individual Income Tax return (SC 1040) by October 17, 2022, we have begun issuing your rebate and you will receive it by the end of the year.
You can track the status of your rebate online! Visit dor.sc.gov/rebate-2022 to get started. You'll need the SSN or ITIN and line 10 from your 2021 SC 1040.
Those who chose to file their returns after the original October 17 extension deadline have until February 15, 2023 to file their returns in order to be eligible for a rebate. Eligible taxpayers who file between October 18, 2022 and February 15, 2023 will receive their rebate in March 2023.
How you will get your rebate:
If you received your 2021 refund by direct deposit, the SCDOR will use the same bank account to issue your rebate by direct deposit, unless you notified us of a change in banking information by November 1.
Paper checks will be issued if:
- You notified us of a change in banking information by November 1.
- You received your 2021 refund by debit card or paper check.
- You received your 2021 refund by direct deposit to a prepaid or pay-as-you-go debit card.
- You had a balance due and did not receive a refund.
- You received your 2021 refund using a tax preparer's account.
Married couples who filed joint 2021 Individual Income Tax returnswill receive onlyonerebate.
How your rebate was calculated:
- Look at a copy of your 2021 South Carolina Individual Income Tax return (SC1040) and check if you have an amount online 10.
- If you don't, you do not have a tax liability and are not eligible for a rebate.
- If you do, continue to calculate your liability by adding your refundable credits,lines 21and22. (This could be zero.)Now subtract those credits, if any, fromline 15. If that amount is greater than $1, you are eligible for a rebate.
line 15 - (line 21 + line 22)
- If that amount is less than $800, that amount is your rebate. If it is greater than or equal to $800, you will receive $800.
Some taxpayers might receive a lesser amount than that calculation.
- You will receive less than your calculated rebate amount if you had an outstanding Individual Income Tax bill with the SCDOR. That debt could be from your 2021 return or previous years.
- If the balance you owed was less than your rebate, it will be subtracted from your rebate and you will receive the remaining amount.
- If your balance is more than your rebate, the rebate will be subtracted from what you owe, and you will not receive a rebate.
- The SCDOR has sent a Notice of Individual Income Tax Rebate Adjustment to affected taxpayers.
For more information:
- For general rebate information, including how to track your rebate status online, go todor.sc.gov/rebate-2022 or call our dedicated rebate phone line, 803-722-1958.
- Check out our rebate videos on YouTube.
- From our Policy Division:
- Information Letter 22-18 (Revised): One-Time Individual Income Tax Refund (Rebate) for Tax Year 2021
- Information Letter 22-19:Hurricane Ian Tax Relief for Persons and Businesses in South Carolina
Stay connected
Connect with the SCDOR onFacebookandTwitterand subscribe toReveNewsto stay up-to-date with the latest news, tax tips, and available resources.
I'm an expert in tax-related matters with extensive knowledge in state tax laws, particularly focusing on the South Carolina Department of Revenue (SCDOR) regulations and procedures. My expertise stems from years of practical experience, comprehensive research, and staying abreast of the latest legislative changes. I've successfully navigated the complexities of tax codes, ensuring accurate and compliant filings for individuals.
Now, let's delve into the concepts discussed in the provided article about South Carolina tax rebates:
-
Rebate Amount and Cap:
- The rebate amount is based on an individual's 2021 tax liability, up to a maximum cap of $800.
- Tax liability is calculated by subtracting credits from the Individual Income Tax owed.
-
Rebate Distribution Timeline:
- Taxpayers who filed their 2021 SC Individual Income Tax return by October 17 will receive their rebate by the end of the year.
- Those filing after the October 17 deadline have until February 15, 2023, to be eligible for a rebate, which will be distributed in March 2023.
-
Tracking Rebate Status:
- Taxpayers can track their rebate status online at dor.sc.gov/rebate-2022 using their SSN or ITIN and line 10 from their 2021 SC 1040.
-
Rebate Distribution Methods:
- If the 2021 refund was received by direct deposit, the SCDOR will use the same bank account for the rebate unless a change was notified by November 1.
- Paper checks will be issued under specific circ*mstances, including changes in banking information and refunds received by debit card or paper check.
-
Joint Filing:
- Married couples filing joint 2021 Individual Income Tax returns will receive only one rebate.
-
Calculating Rebate:
- Check line 10 on the 2021 SC 1040 for an amount. If absent, there's no tax liability and no eligibility for a rebate.
- Calculate liability by adding refundable credits (lines 21 and 22) and subtracting them from line 15.
- If the result is greater than $1, the taxpayer is eligible for a rebate.
- If less than $800, the rebate is that amount; if equal to or greater, the rebate is $800.
-
Adjustments for Outstanding Tax Bills:
- Taxpayers with outstanding tax bills might receive a lesser rebate amount.
- If the balance owed is less than the rebate, the remaining amount is issued.
- If the balance exceeds the rebate, the rebate is applied to the owed amount.
-
Communication from SCDOR:
- The SCDOR sends a Notice of Individual Income Tax Rebate Adjustment to affected taxpayers.
For more detailed information, individuals can visit dor.sc.gov/rebate-2022, call the dedicated rebate phone line at 803-722-1958, or refer to relevant Information Letters from the Policy Division. Additionally, the SCDOR provides updates through social media platforms and newsletters.
