South Carolina $ 50 Rebate

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  • Uncle Sam
    Senior Member
    • Jul 2006
    • 1462

    #1

    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
  • Uncle Sam
    Senior Member
    • Jul 2006
    • 1462

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

    Comment

    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106

      #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

      • New York Enrolled Agent
        Senior Member
        • Nov 2006
        • 1531

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

        Comment

        • TAXNJ
          Senior Member
          • Jan 2007
          • 2106

          #5
          Originally posted by Uncle Sam
          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

          • Uncle Sam
            Senior Member
            • Jul 2006
            • 1462

            #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

            • TAXNJ
              Senior Member
              • Jan 2007
              • 2106

              #7
              Originally posted by Uncle Sam
              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

              • Burke
                Senior Member
                • Jan 2008
                • 7068

                #8
                Originally posted by Uncle Sam
                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.

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