Did you know that if you filed as a 1099 worker, as a gig worker, freelancer,
small business owner or sole proprietor during the 2020 and 2021 tax season
may qualify for up to $32,200 from the US government?
This takes less than 10 minutes to see if you qualify.
This is not a Loan.
Check to See if You Qualify Below.
You may be eligible for up to $32,200
What is the SETC?
The Self-Employed Tax Credit (SETC) was established by Congress in reaction to the COVID-19 pandemic, aiming to offer support to individuals such as sole proprietors, 1099 contractors, freelancers, single-member LLCs, gig workers, and other self-employed individuals. This significant legislative measure acknowledged the financial hardships faced by self-employed Americans due to government-mandated shutdowns, quarantine, illness, caregiving, or other events leading to a reduction in income. It's important to note that the refund amount can be calculated based on your 2019 income if it is higher. The deadline to claim the tax credit for the year 2020 is set to expire on April 15, 2024. Please note that claims for the SETC tax credit for the 2021 year will continue until April 15, 2025.
Simplified,
the Self-Employed Tax Credit (SETC) was established to offer monetary assistance in the form of a tax rebate to qualified individuals who had a reduction in income due to the COVID-19 pandemic. Individuals who meet the following requirements may be eligible to receive a tax refund for the days they missed work due to COVID-related circumstances.
A Simple 3-Step Process
1) GET QUALIFIED INSTANTLY
If you’re self employed and suffered losses during the pandemic, chances are you qualify for this special program. To start, simply fill out our initial form.
2) FILE YOUR CLAIM
We’re here to help you every step of the way. Our Tax Attorneys will complete all your paperwork and file your claim with the IRS on your behalf, even if you already filed your 2020 and/or 2021 taxes.
3) RECEIVE YOUR MONEY
Relax knowing that you are in good hands. You’ll receive your refund directly from the IRS. Most clients receive their money within 6-8 weeks.
Why have I never heard of this?
Many self-employed individuals may not be familiar with the fact that they are eligible for tax credits under the Families First Coronavirus Response Act (FFCRA). Originally designed to benefit employers and their employees, Congress expanded the scope of the FFCRA Act to include self-employed individuals for the first time (as outlined in Sections 7002(a) and 7004(a) of Public Law No. 116-127).
It's worth noting that a significant percentage, over 80%, of self-employed individuals are unaware of their entitlement to these FFCRA tax credits. Act promptly to make the most of this opportunity. The deadline to amend your 2020 tax return for a potential refund is April 15, 2024. Additionally, for those aiming to claim a refund on their 2021 taxes, the deadline is April 15, 2025.
Self Employed Status: Approximately 30 million people across the United States are self-employed. This includes the following types of employment:
- Sole Proprietors
- 1099 contractors
- Freelancers
- Single-member LLC's
- Gig workers
- Other self-employed workers
Covid-19 Tax Credit:
The self-employed tax credit is for individuals directly or indirectly impacted by COVID-19:
- Quarantine
- Related symptoms
- COVID-19 testing
- Caregiving
- Financial relief
Eligibility Criteria:
- Did you file a 1040 tax return with an attached “Schedule C” in 2020 and/or 2021?
- 1065 on federal tax returns
- Tax rebate is based on the 2019, 2020, and/or 2021’s income
- Were you affected by the COVID-19 pandemic in 2020 and/or 2021?
- Ineligible Sub S-Corps, True S-Corps, and C-Corps
How much did I make?
To find your self-employed income for taxes, check Form 1040 Schedule SE, specifically 'Item 6 - Net Earnings From Self-Employment.' This is your total income before deductions, combining earnings from all your gigs.
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