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Keep the receipt: New SC law will give you a refund on gas

WCNC-TV Charlotte logo WCNC-TV Charlotte 1/1/2019 Billie Jean Shaw, Mitzi Morris

A new year means new laws across the Carolinas.

One that went into effect Tuesday in South Carolina will help keep some money in your bank account. If you saved receipts from the gas pump, you can now get some of that money back when you file your state income tax.

South Carolina is known for having some of the lowest gas prices in the country. While that's still true, there has been a slight increase at the pump.

Since 2017, the gas tax has spiked by two cents. It will continue to increase every year by two cents up until 2022. The money will be used to fix the state's crumbling roads.

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"That's actually a lot of money over that period of time."

But here's the thing, you can now earn some of that money back. Starting January 1st, the gas tax rebate goes into effect.

All you need is your gas receipts from 2018 and a new I-385 tax form from the state department of revenue. Just fill out the information, and if everything checks out, you'll get a refund.

"If it's going to put money back in my pockets, I'll do it for sure."

The gas tax isn't the only new law helping South Carolinians save money. Thousands of working low-income families' tax bills will shrink thanks to a new tax credit that starts Tuesday.

The credit will be phased in slowly, but in the next four years, some taxpayers will receive an average of $286, meaning some taxpayers wouldn't owe the state any money.

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