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 the Tuition Tax Credit form specific to South Carolina.

Q: What is the Tuition Tax Credit?A: The Tuition Tax Credit is a benefit that allows residents of South Carolina to claim a credit for qualified tuition expenses paid to eligible institutions.

Q: Who can claim the Tuition Tax Credit in South Carolina?A: South Carolina residents who have paid qualified tuition expenses to eligible institutions can claim the Tuition Tax Credit.

Q: What expenses are considered qualified tuition expenses?A: Qualified tuition expenses include tuition and fees paid to eligible institutions for the education of the taxpayer, their spouse, or dependents.

Q: What are eligible institutions for the Tuition Tax Credit?A: Eligible institutions include colleges, universities, and other post-secondary educational institutions that are authorized to operate in South Carolina.

Q: How much is the Tuition Tax Credit in South Carolina?A: The Tuition Tax Credit is equal to 25% of the qualified tuition expenses paid, up to a maximum credit of $1,500 per year.

Q: How can I claim the Tuition Tax Credit in South Carolina?A: To claim the Tuition Tax Credit, you need to file Form I-319 with your South Carolina state income tax return.

Q: Is the Tuition Tax Credit refundable?A: No, the Tuition Tax Credit in South Carolina is not refundable. It can only be used to offset your state income tax liability.

Q: Is there an income limit to claim the Tuition Tax Credit?A: No, there is no specific income limit to claim the Tuition Tax Credit in South Carolina.

Q: Are there any residency requirements to claim the Tuition Tax Credit?A: Yes, you must be a resident of South Carolina to claim the Tuition Tax Credit.

Q: Can I claim the Tuition Tax Credit for expenses paid to out-of-state institutions?A: No, the Tuition Tax Credit in South Carolina can only be claimed for expenses paid to eligible institutions within the state.