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What is the 1099 SETC Tax Credit?

Self-employed individual working on a laptop, highlighting the benefits of the 1099 SETC Tax Credit for COVID-19 relief

Maximize Your Refund with the 1099 SETC Tax Credit

The SETC Tax Credit stands for the Self-Employed Taxpayer Sick and Family Leave Credit. This credit was part of the Families First Coronavirus Response Act (FFCRA), enacted in response to the COVID-19 pandemic. It provides a tax credit to self-employed individuals who were unable to work due to COVID-related illness, quarantine, or the need to care for a family member.

You can recover this lost money easily by working with a tax recovery expert who can get you back what you’re owed. To find a qualified expert in the SETC tax credit click here

Are you eligible for the SETC tax credit?

Click here to see if you qualify and how to recover up to $34K in refunds owed to you.

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Is This Available for You?

The SETC Tax Credit was available for self-employed individuals. It functioned similarly to the paid sick and family leave benefits that were extended to employees under the FFCRA. This credit allowed self-employed individuals to claim up to a certain amount of sick leave or family leave benefits on their taxes.

Since 1099 contractors don’t have sick and paid leave time like full time employees, the government carved out this credit in late 2021.  The credit allows for a refund of up to $511 a day for each day you missed work due to Covid sickness or restrictions.

Many accountants and accounting software’s missed this due to the timing.  With it being passed in 2021 most people had already filed their 2020 taxes. Accountants didn’t pick it up in 2021 typically due to industry software not being updated in time as well.

You can recover this lost money very easily by working with a tax recovery expert who can get you back what you’re owed.  To find a qualified expert in the SETC tax credit click here

Learn more about the SETC tax credit

 


You could be owed $1000’s by the IRS

If you filed a Schedule C or form SE with your 2020 or 2021 taxes

Click here now to see how you can claim this refund.

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