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How to Fill in a South Carolina Form I 312

How to Fill in a South Carolina Form I 312

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How to fill in a south carolina form i 312

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The South Carolina Department of Revenue will be issuing tax rebates before the end of the year and one of them could be heading your way! The rebate is based on your tax liability up to a certain amount. In order to be eligible for a rebate, you must have filed an SC Individual Income Tax Return, commonly referred to as an SC1040, for the 2021 tax year by February 15, 2023. If you filed by the original extension deadline of October 17, 2022, you will get your rebate sooner. You must also have had tax liability, meaning you owed state Income Tax for tax year 2021 minus any tax credits. Those who have not filed a return by February 15, 2023 or have no state tax liability for the 2021 tax year will not receive a tax rebate. So, how do you calculate your rebate amount? Using a copy of your 2021 SC1040, see if you have an amount on line 10. If you don’t, you aren’t eligible for a rebate. If you do have an amount on line 10, you may qualify. Calculate your rebate amount by adding your

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