The Self-Employed Tax Credit (SETC)
You may be eligible for up to $ 32,220 in tax credits for 2020 & 2021
If you were self-employed during 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 LLC’s. If you filed a “Schedule C” on your federal tax returns for 2020 and/or 2021, you may be eligible.
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 provide 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.
The Self- Employed Tax Credit (SETC) is not a loan but a retroactive tax credit of your 2020 and 2021 income taxes and will be sent directly to you from the IRS. Again, this credit does not need to be repaid, and is not taxable.
The link below will take you to our online portal, where once you register, you will have access to videos, FAQ’s, and more. You can even calculate your potential credit online.