Stimulus update 2022: Deadline to apply for $700 direct tax rebate is one month away

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Eligible South Dakotans have a little over a month to file their 2021 Individual Income Tax returns to receive a tax rebate.

Recipients must submit their tax returns by Oct. 17. After that date, the South Dakota Department of Revenue will determine those who are eligible and calculate each rebate, according to the state website.

STIMULUS UPDATE 2022: DEADLINE TO APPLY FOR $1,000 DIRECT ONE-TIME PAYMENT JUST SEVEN DAYS AWAY

The maximum rebate cap is set at $700, but it could be subject to change after the department reviews the rebates. It has already set aside $1 billion to pay for the rebates.

Rebates are set to be issued before Dec. 31 in the same manner that people received their refunds last year, either with direct deposit or paper checks.

Paper checks will be given to those who received a debit card or paper check for the 2021 rebates, have balances due and did not receive a refund, or received a refund using a tax preparer’s account.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Addresses and bank accounts must be updated by Nov. 1 to receive the rebate. Married couples who file joint tax returns will only receive one rebate, the website said. Family members of those who filed a 2021 Individual Income Tax return but have since died will receive a rebate, too.

The rebates are part of a larger state tax cut act approved by the South Dakota Legislature in June.


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