Tax rebates 2022: There's time to assert one-time test value at the least $700 in South Carolina

South Carolina residents have simply over two weeks left to file their state particular person earnings tax returns for 2020, making them eligible to obtain rebates totaling as much as $700 by the tip of the yr.

To qualify for the rebate, candidates should file their tax return by the prolonged deadline of Oct. 17, have a tax legal responsibility for 2021, and be a resident of South Carolina. The utmost cost one can obtain is $700, and eligible candidates can calculate their rebate funds on the Division of Income’s web site.

TAX REBATE 2022: SOUTH CAROLINA RESIDENTS HAVE UNTIL MID-OCTOBER TO CLAIM UP TO $700 CHECK

"When referring to this yr's rebate, you might be thought-about as having tax legal responsibility in the event you owe state Particular person Earnings Tax for the yr 2021,” the company wrote on-line. “The quantity of your tax legal responsibility is set by the quantity of Particular person Earnings Tax you owe, minus any credit.”

State lawmakers accredited the distribution of the tax rebates throughout a session in June, together with it in a $13.8 billion funds invoice. The rebates are projected to price roughly $1 billion, in line with the Related Press.

Filers can prepare with the Division of Income to have their rebate checks come by way of direct deposit, debit card, or within the mail.