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This version of the form is not currently in use and is provided for reference only. Download this version of
Form I-361
for the current year.
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 a Parental Refundable Credit form.
Q: What is the purpose of Form I-361?
A: Form I-361 is used to claim the Parental Refundable Credit in South Carolina.
Q: Who can claim the Parental Refundable Credit?
A: Residents of South Carolina who have qualifying children and meet certain income requirements can claim the Parental Refundable Credit.
Q: What is the benefit of the Parental Refundable Credit?
A: The Parental Refundable Credit provides a tax credit to eligible taxpayers, reducing the amount of tax they owe or increasing their refund.
Q: How do I qualify for the Parental Refundable Credit?
A: To qualify for the Parental Refundable Credit, you must meet income requirements and have at least one qualifying child.
Q: When is the deadline for filing Form I-361?
A: The deadline for filing Form I-361 is usually the same as the deadline for filing your South Carolina income tax return.
Q: Can I claim the Parental Refundable Credit if I don't have a qualifying child?
A: No, you must have at least one qualifying child to claim the Parental Refundable Credit.
Q: Is the Parental Refundable Credit refundable?
A: Yes, the Parental Refundable Credit is refundable, meaning that if the credit exceeds your tax liability, you will receive a refund for the excess amount.
Q: Are there any income limits for claiming the Parental Refundable Credit?
A: Yes, there are income limits for claiming the Parental Refundable Credit. The specific limits depend on the number of qualifying children you have.
Q: Can I claim the Parental Refundable Credit if I am not a resident of South Carolina?
A: No, the Parental Refundable Credit is only available to residents of South Carolina.
Q: What documentation do I need to submit with Form I-361?
A: You will need to submit documentation, such as birth certificates or other proof of dependency, to support your claim for the Parental Refundable Credit.
Form Details:
- Released on May 19, 2021;
- The latest edition provided by the South Carolina Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form I-361 by clicking the link below or browse more documents and templates provided by the South Carolina Department of Revenue.
