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If qualified, you are eligible for up to $32,220 in relief funds!
The Self-Employed Tax Credit (“SETC”) was created by Congress in response to the COVID-19 pandemic to provide relief to sole proprietors, 1099 contractors, freelancers, single-member LLCs, gig workers, and other self-employed workers. This historic legislation recognized the financial blow dealt to self-employed Americans as a result of government ordered shutdowns, quarantine, illness, caregiving, or other income reducing events. Please note, your refund amount can be based upon your 2019 income if higher. The deadline to claim your year 2020 tax credit expires May 17, 2024.
SETC Pros are dedicated specialists equipped with the expertise, technology, and skill set necessary to optimize your benefits under the Self-Employed Tax Credit. Our proprietary, technology driven process, was created to be a seamless user experience and built to identify every dollar you have earned. Our simplified process eliminates the need for you to upload any tax documents, all while securely retrieving your tax information from the IRS through strategic, corporate partnerships. It’s free to check your eligibility. To learn your maximum benefit under this historic legislation at no charge to you, simply fill out our quick application today.
We offer unwavering support throughout the entire process. Our dedicated team is committed to assisting you from the initial stages of the application process to addressing any concerns you may have. We prioritize providing you with a seamless experience as you navigate and pursue your Self-Employed Tax Credits. If you need assistance—we’re here for you—please contact us below.
In the aftermath of the pandemic, our team embarked on a mission to enlighten the public about Congress-initiated programs specifically crafted in response to the financial repercussions stemming from COVID-19. These programs leverage refundable tax credits to provide substantial support. Through these endeavors, our team members have collaboratively secured tens of millions of dollars in tax credits, benefiting both business owners and self-employed individuals across the United States.
Explore the success stories of individuals who entrusted SETC Pros for their Self-Employed Tax Credits—real experiences that highlight our commitment to delivering exceptional service and maximizing financial benefits.
Here are ten of the most popular questions clients ask us about the Self-Employed Tax Credit. If you have a specific question in mind, please do not hesitate to contact us below.
Yes, eligibility for this tax credit is specifically tailored to self-employed individuals, including small business owners, freelancers, and 1099 contractors.
The Sick and Family Leave Tax Credit is a financial support measure designed for self-employed individuals and 1099 workers, created under the Families First Coronavirus Response Act (FFCRA). This legislation enables eligible individuals (gig workers, 1099, small business owners, certain partnerships, etc.…) to claim a refundable tax credit. Since its creation, this historic tax credit was specifically aimed at providing relief for those unable to work or telework due to certain circumstances related to COVID-19.
Key aspects of this tax credit include:
(1) Qualified Sick Leave Credit:
It covers up to 100% of qualified sick leave equivalent amounts, subject to a maximum of $511 per day.
The calculation is based on the lesser of $511 per day or 100% of the individual's average daily self-employment income.
This applies to days when an individual was unable to work due medically recommended or government ordered quarantine and/or isolation due to COVID-19, personally experiencing symptoms and seeking a diagnosis, or caring for someone under quarantine or with symptoms of COVID-19.
(2) Qualified Family Leave Credit:
The credit also extends to qualified family leave, covering up to 67% of the average daily self-employment income, with a maximum benefit of $200 per day.
This is applicable for days when an individual could not work because they were required to care for a child whose school or care facility was closed due to COVID-19.
These credits were established as part of broader effort by Congress to provide financial support to those impacted by the pandemic, acknowledging the unique challenges faced by self-employed individuals and independent contractors.
Perfect, you’re all set. Now, simply visit our qualification form above, honestly answer the questions, and our technology will retrieve your past year’s tax data from the IRS. Once that information is received, we will provide you with your realized, maximum tax benefit under this program. Our process only takes a few minutes to complete. Best of all, checking your eligibility is 100% free.
Our proprietary process eliminates the need to upload any tax documents. Significant corporate partnerships allow SETC Pros to securely retrieve your 2020 and 2021 tax data from the IRS at no expense to you.
Clients can complete our free application process in minutes, with no need to track down and upload years old tax documents. Once you’ve submitted your application, we typically receive your IRS data within about three to five business days. Once processed, we will send you an official calculation of your total maximum earned benefit amount.
After one last easy step, you will receive the necessary filing documents from SETC Pros, which require a “wet” or actual signature, along with mailing instructions. SETC Pros provide all clients with free shipping to the nearest IRS location. Once received by the IRS, processing typically takes between four (4) and sixteen (16) weeks.
Please note, per recent IRS information, 2020 refunds will be issued by paper check. 2021 refunds will be issued by direct deposit.
If you have any questions or need assistance at any point during the process, please know that we are here to support you. Our dedicated team is always ready and available to help with any inquiries or concerns you might have. You can easily reach out to us through our designated contact channels, and we'll ensure that you receive the necessary guidance and clarification. We're committed to making this process as smooth and understandable as possible for you.
No, there are no upfront fees when you choose SETC Pros. Checking your eligibility and official maximum refund amount is 100% free. We are dedicated to making our services as accessible and hassle-free as possible.
Our fee structure is designed so that charges are only applied after we have successfully secured your Self-Employed Tax Credits. For those who owe nothing in back taxes, we simply deduct our fee from your tax year 2021 refund after your funds are direct deposited into your bank account by the IRS. To ensure security and client privacy, SETC Pros has proudly partnered with Stripe® to obtain and transmit all payment information.
If you do owe back taxes, don’t worry, SETC Pros will provide you with various payment options to help you clean up some, or hopefully all, of those burdensome back taxes. In many cases, we can completely eliminate any back taxes owed and still put funds into our client’s pockets—we absolutely love being a part of our client’s financial success stories.
The amount of your Self-Employed Tax Credit is determined based on a combination of key factors, including:
(1) Net Income: Your net business income, as reported on Schedule C of your 2019, 2020, and/or 2021 tax returns, is a critical factor. This provides a baseline for calculating your maximum potential credit. Per IRS guidelines, you may use the greater of your net business income for the tax year in which the credit is claimed or that of the previous year. Thus, for tax year 2020, you may use the greater of 2019 and 2020 to establish your maximum daily benefit. For your 2021 maximum benefit total, you may use the greater of tax year 2020 or 2021. Our proprietary AI driven software quickly identifies which combination is most advantageous for you in every instance.
(2) Sick Days and/or Quarantine: The number of days you were unable to work due to being sick, medically quarantined, and/or under governmental isolation or quarantine orders due to COVID-19 directly impacts the calculation.
(3) Caregiving Duration: If you spent time caring for an individual affected by COVID-19, the duration of this caregiving is considered.
(4) School or Daycare Closures: The length of time you needed to care for a minor child because their school or daycare center was closed due to COVID-19 is also a factor.
Checking your official maximum refund amount with SETC Pros is always 100% free of charge. Our process only takes minutes to complete, and submissions are confidential.
Yes, if both the taxpayer and their spouse have self-employed income, they are both eligible to claim the Self-Employment Tax Credit individually. It's crucial to understand, though, that they cannot overlap or share qualifying COVID-related days for which they claim the credit. Each individual's claim must be based on their own specific circumstances and periods of inability to work due to COVID-19.
For those clients who are interested, SETC Pros has partnered with several national lending partners, via TurboFi, offering loan options to unlock the freedom of your newfound funds within days. Many of our clients choose this option, rather than waiting up to sixteen (16) weeks for the IRS to process their file. Once the funds are received, you can either: (1) choose to pay any loan off in full or (2) simply continue making the monthly payment and use your refund for other purposes.
We are dedicated to providing exceptional service to ensure you get the tax credit refund you’re entitled to. In the rare event that we can’t secure your refund, rest assured you won’t face any financial burden. We take on all the risk.
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