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SC information letter #20-13
South Carolina Department of Revenue
South Carolina Department of Revenue
Abstract
On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)1 in response to the COVID-19 pandemic. As part of the relief provided, the Internal Revenue Service (IRS) is issuing an economic impact payment to individual taxpayers from April through December 2020.2 The stimulus payment is $1,200 per adult ($2,400 for married couples filing joint returns) plus $500 for each qualifying child age 16 and under. For South Carolina income tax purposes, the economic impact payment is not taxable.
Issue Date
2020-06-11
Keywords
Taxation--South Carolina, Income tax--South Carolina, COVID-19 (Disease)--South Carolina, South Carolina Department of Revenue--Periodicals
Type
Text
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
Digitization Specifications
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