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  2. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

  3. If you got a SC tax rebate, do you owe federal taxes on it ...

    www.aol.com/got-sc-tax-rebate-owe-103000117.html

    South Carolina lawmakers in June approved the parameters for a tax rebate of $1 billion for South Carolinians. Eligible taxpayers have received up to $800 by direct deposit or paper checks. Nearly ...

  4. If you got an SC tax rebate, wait a bit before filing your ...

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  5. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    Above and below the line refers to items above or below adjusted gross income, which is item 37 on the tax year 2017 1040 tax form. [2] Tax deductions above the line lessen adjusted gross income, while deductions below the line can only lessen taxable income if the aggregate of those deductions exceeds the standard deduction, which in tax year ...

  6. Don’t have your SC tax rebate yet? Here are 5 possible ...

    www.aol.com/don-t-sc-tax-rebate-214430948.html

    So, if you didn’t file that 2021 tax return — surprise — you won’t get a rebate. However, the state has extended filing a 2021 tax return until Feb. 15.

  7. State and local tax deduction - Wikipedia

    en.wikipedia.org/wiki/State_and_local_tax_deduction

    The Tax Cuts and Jobs Act of 2017, signed into law by President Donald Trump, capped the total SALT deduction at $10,000 for the tax years 2018 through 2025. [24] The bill also increased the standard deduction, which significantly reduced the number of taxpayers who claim the SALT deduction. [25]

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