Now Hiring! Join our Team.
SETC
Tax Credit for the Self-Employed
from the Families First Coronavirus Response Act (FFCRA)
For Covid Related Time of Work, Sick and Family Leave
For:
Self-Employed, Sole Proprietors, Single Member LLC, Freelancers, Gig Workers or 1099 Subcontractor
Up to $32,000 Tax Credit/Refund
The only documents needed to submit your application, if you decide to file, are your 2019-2021 Tax Returns
If you are self-employed:
Then you can be eligible Tax Credit/Tax Refund SETC based on:
Missed working hours/absent from/unable to work + other Covid related time off in 2020 and 2021
Due to:
Sickness
The need to claim ‘family leave’ to care for a sick person
Other Covid related reasons
* If an employer already filed for the FFCRA, an employee can not file again *** If you have W2 status, you are not regarded as self-employed **Eligibility depending on qualification and documentation available
You need to fulfill three criteria:
Self-Employed (Sole Proprietor, Single Member LLC, Freelancer, Gig Worker or 1099 Subcontractor)
Filed a Schedule C/SE of IRS Tax form 1040 in 2020/2021 on positive net income and paid self-employment tax
Have missed work due to Covid-related issues
Definitions:
*Paid sick leave” – means paid leave under the Emergency Paid Sick Leave Act.
*Expanded family and medical leave” – means paid leave under the Emergency Family and Medical Leave Expansion Act.
*SETC eligible days that occurred during the same time as unemployment benefits were received, must be excluded from the application
Up to $32,000 Tax Credit/Refund
The only documents needed to submit your application, if you decide to file, are your Schedule SE documents
How to qualify:
If you were self-employed in both 2020 and 2021, and you were unable to work on-site, from home or remotely due to COVID-19, you may be eligible for the SETC. To qualify, you must meet certain criteria, some examples are mentioned below:
Observing a federal, state or local quarantine/ isolation order
Receiving COVID-19 vaccination
Recovering time from effects related to the COVID-19 vaccine
Seeking or waiting for COVID-19 test results
Experiencing Coronavirus symptoms and were seeking a medical diagnosis
Following recommendation by a healthcare provider to self-quarantine
Caring for a child or other person, who was affected by a government-issued or self-quarantine restriction
Cared for a child whose school/daycare was closed or unavailable
What are you eligible for?
Self-employed individuals are eligible for up to $32,200 in tax credits (average $9K).
The SETC covers up to 80 hours of paid sick leave and up to 10 weeks of paid family leave.
The SETC is not a loan but a tax credit for 2020 or 2021 income taxes, and will either reduce the current amount you owe the IRS, or you will receive a check or ACH deposit, depending on your tax status.
Are you:
Rideshare/Uber driver
Delivery driver (food/products)
Gig worker, singer, photographer
Freelancer - where you provide services to another company but are not directly employed by them
Contract worker of any kind
Etsy/Amazon seller
Website developer
Painter/decorator
E-commerce entrepreneur
Graphical Designer
Childcare Provider
Service Provider
Event organizer
Care worker
Business owner who is not a W2 - etc.
Let's Get You Started
Up to $32,000 Tax Credit/Refund
The only documents needed to submit your application, if you decide to file, are your Schedule SE documents
Want to find out more?
Sign up to our Free, Online Live Informational Event Tuesday 19th December 2023, 12pm EST
Sign up to be informed of our next FREE Online Live Informational Event
For more Information get a free quote today
We are just a phone Call away
Have you been left out by the ERC because you are self-employed? You can be eligible for the SETC.
Let us do the work for you. Only 15 minutes of your time!
Up to $32,000 Tax Credit/Refund
The only documents needed to submit your application, if you decide to file, are your 2019-2021 Tax Returns.