Close Menu
BestNewsOnline
    Facebook X (Twitter) Instagram
    BestNewsOnline
    • Retirement planning
    • Insurance
    • Real estate
    • Subscription
    BestNewsOnline
    Home»Personal Finance»IRS Rebate 2022 SC: When will you get your $800 checks?
    Personal Finance

    IRS Rebate 2022 SC: When will you get your $800 checks?

    November 17, 20222 Mins Read
    WhatsApp Facebook Telegram

    SSouth Carolina state lawmakers passed the state’s budget in June and approved a rebate that would see around $1 billion distributed to those eligible. WE citizens until the end of the year.

    Taxpayers who filed their 2021 personal income tax return before the deadline – which was set for October 17 – will soon benefit from the discount.

    How much will taxpayers get?

    The amount each eligible taxpayer will receive is based on their individual tax liability, with the maximum amount being $800.

    “Rebates are based on your 2021 tax liability, up to a cap,” reads the official South Carolina website.

    “The refund cap — the maximum refund amount a taxpayer can receive — is $800. If your tax payable is less than $800, your refund will be the same amount as your tax payable. pay exceeds the $800 cap, you will receive an $800 rebate.”

    Rob Waldenwho works with the South Carolina Department of Revenue, explained how eligible taxpayers can find out how much they will receive.

    “You start at line 10 of your SC 1040 2021, and if line 10 has nothing on it, you are not eligible”, Walden declared.

    “If there’s anything in the space, go down to rows 21 and 22, those are credits for the year, you add those two numbers together and you subtract that number from row 15.

    “If this number is greater than zero, you are eligible for the rebate. If this amount is less than $800, the rebate amount must be the number you calculated. If it is greater than $800, you will receive the rebate cap of $800.”

    When will you get your checks for $800?

    The South Carolina Department of Revenue (SCDOR) announced Monday that it has begun sending the first round of payments to taxpayers.

    Taxpayers must receive their remittances either by direct deposit or by paper check. Those who updated their banking information before November 1 will receive payment by mail.

    Add A Comment
    Leave A Reply Cancel Reply

    What's hot

    The Broker-Owner’s Guide for Real Estate Teams

    January 26, 2023

    Prudential and HKMC partner for pension plans

    November 14, 2022

    Real Estate and Construction News Roundup (11/1/23) – Construction Technology, Housing Market Confidence and Decarbonization – Real Estate

    January 16, 2023

    Quebec Covers Psilocybin Therapy Under Medical Insurance For Historic First

    December 19, 2022
    Don't miss

    Real estate transfer tax hikes create headaches for mortgage lenders

    December 19, 2022

    Appointments: Vineet Sekhsaria Now India Head for Prologis

    January 16, 2023

    Slowdown in commercial real estate slows housing starts in 2023

    November 30, 2022
    Picked for you

    LACERA invites tenders for the system’s emerging real asset management program

    Retirement planning February 2, 2023

    The Los Angeles County Employees Retirement Association invites proposals from qualified companies to implement the…

    BestNewsOnline.net is owned and managed by

    Top10 International FZ LLE
    Office 2002, 20th Floor, Creative Tower
    Fujairah, United Arab Emirates
    TRN: 100608946800003

    • Home
    • Contact us
    • Privacy policy
    • Terms and services

    Type above and press Enter to search. Press Esc to cancel.