Stimulus update: Direct one-time $800 tax rebate check will be sent out in just 10 days

.

money
(AP Photo/Abdel Magid al-Fergany) (AP Photo/Abdel Magid al-Fergany)

Stimulus update: Direct one-time $800 tax rebate check will be sent out in just 10 days

Video Embed

Eligible residents in South Carolina will get a rebate of up to $800 iin only 10 days 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.

THIRD-QUARTER GDP GROWTH REVISED UP TO 3.2% RATE IN SIGN OF ECONOMIC STRENGTH

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, per 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.

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.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

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