Form I-319 Tuition Tax Credit - South Carolina

What Is Form I-319?

This is a legal form that was released by the South Carolina Department of Revenue - a government authority operating within South Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form I-319?
A: Form I-319 is a tuition tax credit form specific to South Carolina.

Q: Who is eligible to claim the tuition tax credit in South Carolina?
A: Only taxpayers who have made a qualifying tuition payment on behalf of a dependent child can claim the tax credit.

Q: How much is the tuition tax credit in South Carolina?
A: The tuition tax credit is equal to 100% of the first $2,500 in tuition payments made.

Q: What type of education qualifies for the tuition tax credit?
A: Qualifying education includes attending public or private schools in South Carolina.

Q: Is there an income limit to claim the tuition tax credit?
A: No, there is no income limit to claim the tuition tax credit.

Q: What is the deadline to file Form I-319?
A: Form I-319 must be filed with the South Carolina Department of Revenue by the due date of the taxpayer's income tax return, usually April 15th.

Q: Can the tuition tax credit be claimed in addition to other education-related tax credits?
A: No, the tuition tax credit cannot be claimed if the taxpayer is also claiming the federal or state education credits for the same expenses.

Q: Can the tuition tax credit be carried forward if it exceeds the taxpayer's tax liability?
A: No, any excess tuition tax credit cannot be carried forward to future tax years.

Q: Is there a limit to the number of dependents for whom the tuition tax credit can be claimed?
A: No, there is no limit to the number of dependents for whom the tuition tax credit can be claimed as long as each meets the eligibility criteria.