SC information letter #20-13

Authors
South Carolina Department of Revenue
Keywords
Taxation--South Carolina , Income tax--South Carolina , COVID-19 (Disease)--South Carolina , South Carolina Department of Revenue--Periodicals
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.
Description
URI
https://dc.statelibrary.sc.gov/handle/10827/34486
Collections
SC Information Letters
Thumbnail Image
Files
DOR_Information_Letter_20-13.pdf (98.33 KB)
Issue Date
2020-06-11
Contributor
Date Accessioned
2020-08-12T12:33:26Z
Date Available
2020-08-12T12:33:26Z
Item Format
application/pdf
Media Type
Document
Item Language
English
Publisher
South Carolina State Library
Digital Collection
South Carolina State Documents Depository
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))
Type
Text
Digitization Specifications
South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.