How to calculate your rebate amount
Rebates are based on your 2021 tax liability, up to a cap. The rebate cap – the maximum rebate amount a taxpayer can receive – is $800. If your tax liability is less than $800, your rebate will be the same amount as your tax liability. If your tax liability is over the $800 cap, you will receive a rebate for $800.
Use the steps below to determine your tax liability and calculate your rebate amount:
Determine your tax liability:
If the rebate amount you calculated is:
Look at your 2021 Individual Income Tax return (SC1040) and see if you have an amount on
If you do not have an amount, stop. You will not receive a rebate.
If line 10 is $1 or more, continue.
Add your refundable credits found on lines 21 and 22. (This could be zero.) Now subtract
those credits, if any, from
|line 15 - (line 21 + line 22)|
less than $800, you will receive the amount you calculated.
or equal to $800, you will receive $800.