Announcement

Collapse
No announcement yet.

South Carolina $ 50 Rebate

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    South Carolina $ 50 Rebate

    Is the $ 50 rebate South Carolina residents received in 2019 taxable for Federal and/or State income tax?
    Uncle Sam, CPA, EA. ARA, NTPI Fellow

    #2
    Is the answer to the question- Yes or No
    Uncle Sam, CPA, EA. ARA, NTPI Fellow

    Comment


      #3
      will this link,work?

      https://dor.sc.gov/resources-site/la...ns/IL19-24.pdf
      Always cite your source for support to defend your opinion

      Comment


        #4
        Originally posted by Uncle Sam View Post
        Is the answer to the question- Yes or No
        The answer is maybe

        Comment


          #5
          Originally posted by Uncle Sam View Post
          Is the answer to the question- Yes or No
          See page 3 of the SC INFORMATION LETTER # 19-24. https://dor.sc.gov/resources-site/la...ns/IL19-24.pdf

          does this help?
          Always cite your source for support to defend your opinion

          Comment


            #6
            Yes TAXNJ - it worked - it gave me the answer I needed. My client took standard deduction in 2018 - so it's not taxable on Federal. Thank you.
            Uncle Sam, CPA, EA. ARA, NTPI Fellow

            Comment


              #7
              Originally posted by Uncle Sam View Post
              Yes TAXNJ - it worked - it gave me the answer I needed. My client took standard deduction in 2018 - so it's not taxable on Federal. Thank you.
              Glad to hear. And a thank you to FEDUKE404
              Last edited by TAXNJ; 02-11-2020, 09:46 PM.
              Always cite your source for support to defend your opinion

              Comment


                #8
                Originally posted by Uncle Sam View Post
                Yes TAXNJ - it worked - it gave me the answer I needed. My client took standard deduction in 2018 - so it's not taxable on Federal. Thank you.
                Virginia had the same thing, $110 rebate for single/MFS, and $220 for joint filers, limited by tax liability.

                Comment

                Working...
                X