Extra Tax Relief Offered in South Carolina Due to the Impact of Tropical Storm Debby

SOUTH CAROLINA – The South Carolina Department of Revenue (SCDOR) has announced additional tax relief measures for taxpayers affected by Tropical Storm Debby. The SCDOR stated on Wednesday that the storm, which caused significant devastation across the state, has led to a rescheduling of several returns and payments originally due between August 4th this year and February 3rd of 2025.

Deferment of Tax Returns and Payments

The deferment applies to 2023 Income Tax returns from individuals, businesses, and tax-exempt organizations who had already secured a valid extension for filing their returns. It’s important to note, however, that tax payments associated with the 2023 Individual Income Tax returns due on April 15, 2024, are not eligible for this relief.

Quarterly Estimated Income Tax payments also fall under this relief measure. These include payments which were originally due on the 16th of September and the 16th of December, 2024, for corporate taxpayers, and the 15th of January, 2025, for non-corporate taxpayers.

Some Withholding Tax Returns Included

Specific quarterly Withholding Tax returns and payments have also been deferred under this relief. These include those originally due on October 31, 2024, and January 31, 2025. The relief is extended to taxpayers in all 46 counties in the state of South Carolina and reflects the SCDOR’s response to the Internal Revenue Service’s (IRS) relief provisions due to the impact of the storm.

No Action Required by Taxpayers

The South Carolina Department of Revenue has made it clear that taxpayers don’t need to take any action to receive the relief as the SCDOR will automatically provide it. However, the February 3, 2025 relief does not apply to other state taxes managed by the SCDOR. Those wishing to find more information can visit the SCDOR’s website.

The Effect of Tropical Storm Debby

Tropical Storm Debby caused widespread damage across South Carolina, leading to several closures and significant displacement for local residents. The storm also affected the state’s economy and infrastructure, creating the need for substantial financial aid and relief measures.

Looking Ahead

Despite the chaos and surrounding uncertainty, state officials have expressed confidence in the resilience of their constituents. While it is clear that recovery from the aftermath of Tropical Storm Debby will take time, the additional tax relief measures are a positive step towards stability.