SETC tax credits
Are you self-employed, a 1099 contractor, small business owner, sole proprietor, freelancer or gig worker?
Did you know you could be missing out on potential SETC tax credits? You may be eligible to receive up to $32,220 back from the IRS for the 2021 tax year!
The SETC Tax Credit, commonly referred to as the Self-Employed Tax Credit, is a financial relief initiative created under the Families First Coronavirus Response Act to support self-employed individuals affected by COVID-19.
On our journey as a leader in AI modernization we have partnered with Automated Tax Credits to bring awareness to those potentially missing out on SETC tax credits as well as streamlining the process for applying for those credits.
Key Eligibility Criteria for SETC Refund
Self-Employed Status
If you worked as a self-employed individual in 2020 or 2021 you may qualify for the SETC Program.
COVID Impacts
The SETC supports those directly affected by COVID-19. This includes individuals who:
- Battled the virus, experienced COVID-like symptoms or underwent testing
- Needed to quarantine or served as caregivers to family members affected by the virus
- Were impacted by the closure of their child’s school or daycare due to COVID restrictions
Qualifying circumstances include
Quarantine
- Compliance with COVID-19 related federal, state or local lockdown orders
- Being subject to a quarantine or isolation order related to COVID-19
Illness
- Providing support to someone subject to a COVID-19 related quarantine or isolation order
- Caring for a child affected by school or childcare closures due to COVID-19
- Experiencing COVID-19 symptoms, seeking a medical diagnosis or suffering from vaccination side effects
Vaccination
- Attending a COVID-19 vaccination appt
- Experiencing side effects due to COVID-19 vaccination
Other Similar Conditions
- SETC eligibility extends to individuals facing circumstances similar to those outlined by the Secretary of Health and Human Services, following consultations with the Secretary of the Treasury and the Secretary of Labor
Childcare
Eligibility also covers situations related to childcare, such as:
- Caring for a child whose school closed or transitioned to virtual learning
- Providing care for a child when the usual childcare provider was unavailable due to COVID-19
See if you qualify!
To learn more and see if you qualify go to automatedtaxcredits.com/thinksharpe