Stimulus update: Direct payments of $800 will be sent out in South Carolina by end of year

.

American Money
A variety of USD (United States Dollar) bills (iStock)

Stimulus update: Direct payments of $800 will be sent out in South Carolina by end of year

Video Embed

Residents in South Carolina are able to get a rebate of up to $800 as long as they have filed their 2021 tax returns.

The amount of the rebate is based on a person’s 2021 tax liability, which is the amount left over after subtracting credits from the income tax that the filer may owe.

JUUL AGREES TO $1.7B SETTLEMENT AMID ALLEGATIONS OF MARKETING TO MINORS: REPORT

For people whose tax liabilities are less than $800, their rebates will be equal to their tax liability, while filers with a tax liability equal to or over $800 will receive exactly $800, according to the South Carolina Department of Revenue. The Department of Revenue has capped the highest amount that people can receive from this rebate at $800, per the state.

People who have filed their 2021 SC1040 by Oct. 17 will receive this rebate before the end of the year. Anyone who received a 2021 refund by direct deposit will receive this rebate in the same bank account.

Those who file their returns after Oct. 17 have until Feb. 15, 2023, to file their returns to receive the payment, which will then arrive by March 2023.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

The payment from the state can be tracked. In order to use the tracking website, people will need either their Social Security number or the Individual Taxpayer Identification number from their SC1040 form.

Several states and cities are trying various solutions to provide relief to residents who are struggling with surging prices on nearly all products due to persistently high inflation.

© 2022 Washington Examiner

Related Content