Loading...
SC information letter #20-13
South Carolina Department of Revenue
South Carolina Department of Revenue
Files
Loading...
PDF file
Adobe PDF, 98.33 KB
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
6/11/2020
Keywords
Taxation--South Carolina, Income tax--South Carolina, COVID-19 (Disease)--South Carolina, South Carolina Department of Revenue--Periodicals
Type
Text
Rights
Records, documents, and information made available by the agencies of the South Carolina state government or its subdivisions are made accessible through the South Carolina State Library Depository and are protected under U.S. Copyright law (Title 17, U.S.C.) and South Carolina state law (Title 30 and 60, S.C.C.L.). Distribution rights are determined by the agency or author and users should contact the aforementioned for more information.
Digitization Specifications
This South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.