In June, South Carolina legislators passed a state tax rebate scheme – yes, another stimulus check style program – worth almost $1 billion. The rebate was made available to eligible taxpayers who filed their 2021 state Individual Income Tax return by the October deadline, but it won’t be available to every taxpayer.
The stimulus check will not be payable to around 44% of filers who do not pay state income taxes, but will be paid to 56% of taxpayers who will receive a rebate based on their tax liability.
How the New Stimulus Check Works
To receive the rebate, a South Carolina taxpayer must have a tax liability for tax year 2021. This means that the rebate is only being issued to individuals who owe the state money on their 2021income tax returns.
The liability is calculated by the state by taking away any credits from the amount of individual income tax owed by a taxpayer.
Every 2021 tax return will receive a stimulus check that is equal to the money owed to the state, with a cap of between $700 and $800. For that reason, it’s hard to offer an estimate or average of how much South Carolina taxpayers are set to receive under the rebate scheme given how different individual tax returns are.
South Carolina Stimulus Check: Are You Eligible?
To qualify for South Carolina’s tax rebates, you must have filed a 2021 state individual income tax return by the October 17, 2022 deadline. There must also have been a tax liability for the tax year 2021, owing to the way the state’s rebate scheme works.
Unlike in other states, however, eligibility does not require an individual to be a full-time resident of South Carolina. Eligible taxpayers include residents, part-year residents, and nonresidents.
You will not be eligible to receive the rebate if you do not file your tax return by the October 17, 2022 deadline, or if you did not have a tax liability for tax year 2021.
Here’s How to Calculate What You’re Owed
To determine how much you are owed by the state, look at your 2021 tax return and look to see if there is a liability on line10. Those who do not have a liability will not receive a rebate.
Those with $1 or more on line 10 should add the refundable credits they are entitled to, which can be found on lines 21 and 22. Subtract those credits from line 15.
If the amount is less than the rebate cap, estimated to be between $700 and $800, then the amount calculated is the amount payable in a rebate. If the number is greater than the cap, you will receive the maximum rebate.
Jack Buckby is a British author, counter-extremism researcher, and journalist based in New York. Reporting on the U.K., Europe, and the U.S., he works to analyze and understand left-wing and right-wing radicalization, and reports on Western governments’ approaches to the pressing issues of today. His books and research papers explore these themes and propose pragmatic solutions to our increasingly polarized society.