Form I-361 Parental Refundable Credit - South Carolina

What Is Form I-361?

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-361?
A: Form I-361 is the Parental Refundable Credit form used in South Carolina.

Q: What is the Parental Refundable Credit?
A: The Parental Refundable Credit is a tax credit in South Carolina that allows eligible parents to claim a refundable credit for qualifying expenses.

Q: Who is eligible for the Parental Refundable Credit?
A: Parents who have a child under the age of six may be eligible for the Parental Refundable Credit in South Carolina.

Q: What expenses qualify for the Parental Refundable Credit?
A: Qualifying expenses for the Parental Refundable Credit may include child care expenses, pre-kindergarten expenses, and certain educational expenses.

Q: How do I claim the Parental Refundable Credit?
A: To claim the Parental Refundable Credit, you need to complete and file Form I-361 with the South Carolina Department of Revenue.

Q: Is the Parental Refundable Credit refundable?
A: Yes, the Parental Refundable Credit is a refundable tax credit, meaning you may receive a refund even if your total credit exceeds your tax liability.

Q: Is the Parental Refundable Credit available in any other states?
A: No, the Parental Refundable Credit is specific to South Carolina and is not available in other states.

Q: Are there any income limits to qualify for the Parental Refundable Credit?
A: Yes, there are income limits to qualify for the Parental Refundable Credit in South Carolina. It is best to consult the instructions for Form I-361 or the South Carolina Department of Revenue for specific income limit details.

Q: When is the deadline to file Form I-361?
A: The deadline to file Form I-361 for the Parental Refundable Credit in South Carolina is typically the same as the deadline for filing your state income tax return. It is best to check with the South Carolina Department of Revenue for the current year's deadline.