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SETC
Self-Employed Tax Credit
Up To $32,220 For Eligible Self-Employed Workers. Sick And Family Leave Credits (FFCRA)
If you file Schedule C income, YOU could be eligible.
Sole Proprietors
1099 Contrators
Freelancers
Single-Member LLCs
Gig Workers
Other Self-Employed Workers
What is SETC?
Self-Employed Tax Credit Under the American Rescue Plan Act
The SETC is a specialized tax credit designed to provide support to self-employed individuals during the COVID-19 pandemic.
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It acknowledges the unique challenges faced by those who work for themselves, especially during times of illness, caregiving responsibilities, quarantine, and related circumstances. This credit can be a valuable resource for eligible individuals to help bridge financial gaps caused by unforeseen disruptions.
If you file Schedule C income, YOU could be eligible.
Amidst the pandemic, millions grappled with COVID-related challenges, including:
Illness
Symptoms
Quarantine
Testing
Caregiving
Financial Relief
If you found yourself in such situations, where COVID impacted your ability to work, the SETC was designed to be your safety net, but it's not too late.
How much can I qualify for?
You may be eligible for up to $32,220 in tax credits from 2020 & 2021
Self-Employed Status:
If you were self-employed in 2020 and/or 2021, you could potentially qualify for the SETC. This includes sole proprietors who run businesses with employees, 1099 subcontractors, and single-member LLCs. If you filed a “Schedule C” on your federal tax returns for 2020 and/or 2021, you're on the right track. COVID Impacts:
COVID Impacts:
Whether you battled COVID, experienced COVID-like symptoms, needed to quarantine, underwent testing, or cared for a family member affected by the virus, the SETC could be your financial relief. If the closure of your child's school or daycare due to COVID restrictions forced you to stay home and impacted your work, we're here to help.
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