Form I-361 - Parental Refundable Credit - 2016
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1
21350
I-361
STATE OF SOUTH CAROLINA
(Rev. 2/15/17)
DEPARTMENT OF REVENUE
3692
2016 PARENTAL REFUNDABLE CREDIT
2016
Name(s) As Shown On Tax Return
SSN
Spouse Name
SSN
Qualifying Student’s Name
SSN
Eligible School
PART I.
Qualifying Student
a. Are you the parent or the legal guardian of the qualifying student?
Yes
No
b. The student is an exceptional needs child.
Yes
No
c. The student is a South Carolina resident.
Yes
No
d. The student is eligible to be enrolled in a South Carolina secondary or elementary
public school at the kindergarten or later year level for the applicable school year.
Yes
No
If you answer "Yes" to all of the above questions, then you are eligible to claim this credit.
IMPORTANT: If you did not receive Refundable Credit Approval Letter(s) from DOR for July 1, 2015 -
December 31, 2015 and January 1, 2016 - June 30, 2016, then skip Part II and Part III and go to Part IV.
PART II.
2015 Tax Year (July 1, 2015 - December 31, 2015)
1. Total cost of tuition for the entire 2015-2016 school year.
1. $
2. Maximum Refundable Educational Credit per qualifying student for period of July 1, 2015
10,000.00
through June 30, 2016.
2. $
3. Enter the lesser of line 1 and line 2. If line 1 and line 2 equal $10,000, then enter $10,000.
3. $
4. Total grant awarded by SFO from July 1, 2015 - December 31, 2015.
4. $
Name of SFO
5. Available Refundable Educational Credit for 2015 tax year. Deduct line 4 from line 3.
5. $
6. Refundable Educational Credit that was claimed in 2015.
.
6. $
(Enter amount from SC1040, Line 22)
7. Available Refundable Educational Credit for 2016 tax year. Deduct line 6 from line 5.
$
7.
PART III.
2016 Tax Year (January 1, 2016 - June 30, 2016)
8. Available Refundable Educational Credit for 2016 tax year.
.
8. $
(Enter amount from Part II line 7)
9. Total grant awarded by SFO from January 1, 2016 - June 30, 2016.
9. $
Name of SFO
10. Deduct line 9 from line 8 and if negative enter zero.
10. $
11. Enter Total Parental Refundable Credit that was approved by the DOR for period of
January 1, 2016 through June 30, 2016.
11. $
12. 2016 Parental Refundable Credit from January 1, 2016 through June 30, 2016. Enter the
lesser of line 10 and line 11.
12. $
36922011
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