The South Carolina Department of Revenue (SCDOR) will issue close to one billion dollars in state tax rebates before the end of the year, but only to those who filed their 2021 South Carolina state Individual Income Tax returns by October 17, 2022. If you did file before this initial deadline you will receive the rebate by December 31st.
According to the South Carolina Department Of Revenue Director Hartley Powell “We are on schedule to issue rebates by the end of the year,”. “You must file your 2021 SC Individual Income Tax return by October 17 to be eligible.”
In order to be eligible for the South Carolina rebate checks of up to $800 you must have filed an SC Individual Income Tax return by Oct 17, 2022, this is for tax year 2021. If you failed to file before this initial deadline then you can still qualify for the rebate so long as you file by February 15, 2023. People filing before February but after October will receive the rebate in March 2023.
To be eligible, you must owe state Income Tax from the previous tax year. If you do not know whether or not you qualify, look at your “tax liability”. This number can be found on last year’s taxes and it equals the income tax minus any credits. Lastly, your residence status does not impact your qualification for this program- whether you are a resident, part-year resident or nonresident.
Individuals who have not filed an SC Individual Income Tax return by October 17, 2022 will not be eligible to receive the rebate in 2022 they can still file by February 15th, 2023 and receive it in March of 2023.
Taxpayers with no state Individual Income Tax liability for the 2021 tax year. Tax liability is determined from income tax owed minus any credits.
You can find your refundable credits on lines 21 and 22 of the 2021 SC1040. Then, subtract those from line 15:
line 15 – (line 21 + line 22)
This amount will be either below or above the rebate cap set by the SCDOR after October 17th. If it’s lower, you’ll get that specific amount as a refund; if not, you’ll receive the maximum capped value of $800.
You don’t need to do any more work or send in extra information to the SCDOR; they will automatically give you your rebate once everything has gone through on the tax side.
For most taxpayers, rebates from the SCDOR will be given in a similar fashion to refunds.
The SCDOR will send your rebate to the same bank account from which they received your 2021 direct deposit refund. If you have changed banks since then, know by November 1. To do so, download and complete the SC5000 form found on there website and email it to SCRebate@dor.sc
The following are the conditions under which you will receive a paper check in the mail:
If you are an eligible taxpayer, you will receive a rebate of up to $800 from your 2021 South Carolina Individual Income Tax return based on your tax liability.
To calculate your rebate amount:
First, determine your tax liability by checking your 2021 Individual Income Tax return (SC1040) for an amount on line 10. If there is no amount present, you will not receive a rebate. However, if line 10 has any value greater than $1, continue to the next step.
Add up your refundable credits from lines 21 and 22 then subtract those total credits (if any) from line 15. Here’s the equation: line 15 – (line 21 + line 22). Now that you have calculated the possible rebate sum, compare it to these two scenarios:
If the rebate amount you calculated is less than $800, you will receive the exact sum that was calculated. But if it is greater than or equal to $800 ,you’re in luck-the state will max out at giving you $800 back as a rebate!
October 17, 2022 is the deadline to file a return and receive a rebate. You can check online to see if your rebate has been processed – you will need your SSN or ITIN and line 10 of your 2021 return. Rebates for returns filed between October 18, 2022 through February 15, 2023 will be sent out in March 2023.
If you don’t see an amount on line 10 of your 2021 South Carolina Individual Income Tax return, then you didn’t have any tax liability. On the other hand, if there is an amount on line 10, then you may have had a tax liability. To figure out whether or not this is the case:
Add together the refundable credits found on lines 21 and 22. Then subtract those credits (if there are any) from line 15.
Now if line 15 minus (line 21 plus line 22) equals $1 or more, that means you had a tax liability and so you’re eligible for a rebate.
Taxpayers who filed their 2021 South Carolina Individual Income Tax return and have not changed their mailing address or banking information since do not need to take any action to receive their rebate.
If you are expecting a rebate check to be mailed to your new address, you must update your contact information using one of the following methods:
To update your mailing address for your rebate, you have two options:
1. log in to MyDORWAY and click the More tab, then under Names and Addresses, click Manage Names & Addresses; OR
2. download the SC8822I form and email the completed form to TaxSupport@dor.sc.gov
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¹ To be eligible for the $6,000 loan amount, your expected Federal refund less authorized fees must be at least $7,000. An Easy Advance (EA) is a loan secured by and paid back with your tax refund and is offered by Republic Bank & Trust Company, Member FDIC, to eligible taxpayers. Loan amount options are based on your expected Federal refund less authorized fees. If approved for an EA, a Finance Charge will apply. Loan is subject to underwriting and approval. EA proceeds are typically available within 24 hours of IRS acceptance of tax return or within 24 hours for those filing before the IRS start date; however, if direct deposit is selected, it may take additional time for your financial institution to post the funds to your account. Visit your tax preparer to learn about the cost and timing of all filing and product options. Available with preparation of 2022 federal tax return through Feb. 28, 2023.
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