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Understanding the Self-Employed Tax Credit (SETC)
Did you know that the government has set aside billions of dollars in tax credits for self-employed individuals impacted by COVID-19 disruptions? In fact, an estimated $1,000,000,000 has already been paid to people just like you.
The SETC Program offers financial relief to those affected by the pandemic. The specific name of these historic tax credits are the Credits for Sick and Family Leave, as outlined in the Families First Coronavirus Response Act (FFCRA) and the American Rescue Plan Act (ARPA).
Every person with positive self-employment earnings in tax year 2021
(including 1099 contractors) impacted by COVID-19, is eligible. Professions including realtors, stylists, construction trades, gig workers, freelancers, entrepreneurs, and more were some of the hardest hit, with more than 40 million Americans qualifying.
This is FREE and confidential to apply. With SETC Pros, there’s no need to upload old tax documents to claim your credit. Best of all, the IRS pays an additional estimated 16% interest on the quote we prepare for you!
Act now before time runs out! This historic program ends on April 15, 2025.
