Were You Self-Employed During Covid?
You may be eligible for up to $32,200 from the IRS per YEAR (2020 & 2021) !!!
What is the SETC tax credit program?
In March 2020, the Families First Coronavirus Response Act (SETC) was signed into law to help companies offer paid sick leave and unemployment benefits caused by COVID-19.
In December 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which expanded the SETC to cover employers and the self-employed. Thanks to the SETC expansion, self-employed individuals, freelancers, independent contractors, and gig workers are now eligible for tax credits that pay you back for the time you would've typically spent earning money that was lost because of COVID.
The SETC is federal legislation passed in response to the COVID-19 pandemic. For self-employed individuals, it offers equivalent coverage via tax credits that can be claimed on your income tax return, effectively reimbursing you for periods of sick leave due to COVID-19.
To qualify for the SETC, you must meet the following criteria:
To qualify for SETC tax credits, you were unable to work because of COVID-related issues because of one of the following reasons:
Can you use extra cash?
See if you Qualify, CALL MCS Accounting Services at 862.800.7355
If you want to learn more and interested to join the event call 862.800.7355
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