Are you a business owner or self-employed individual who had to miss work due to Covid-19? If so, you could be eligible for up to $32,400 in tax credits through the Self Employment Tax Credit (SETC). This is not to be confused with the Employee Retention Tax Credit (ERTC).
This little-known tax credit is designed to help self-employed individuals who were impacted by the pandemic, whether they were sick themselves or had to care for a family member. The process is quick and easy, with online quotes taking as little as 5 minutes to complete.
To apply, you’ll need to have your 2019, 2020, and 2021 personal tax documents on hand, as well as a driver’s license. The deadline to claim the 2020 portion of the credit is April 15, so don’t delay in taking advantage of this opportunity.
If you or someone you know could benefit from this tax credit, be sure to share the link below and help spread the word. Let’s make sure all eligible individuals are able to access the financial support they need during these challenging times.