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The Sick and Family Leave Tax Credit for self-employed and 1099 workers is for eligible self-employed individuals or independent contractors. Under the FFCRA, eligible self-employed individuals or independent contractors could claim a 100% of the refundable tax credit against their income tax liability for up to qualified sick and family leave equivalent amounts, subject to certain limitations if they were unable to work or telework due to COVID-19-related reasons. The qualified sick leave equivalent helps compensate for each day an individual was unable to work or telework because they were subject to a quarantine or isolation order, had COVID-19 symptoms and were seeking a medical diagnosis, or were caring for someone who was subject to a quarantine or isolation order or who had COVID-19 symptoms. The qualified family leave equivalent helps compensate individuals who were unable to work or telework because they needed to care for a child whose school or place of care was closed due to COVID-19.
For the most part, we only require your 2019, 2020, and 2021 tax returns, including your Schedule C. *In some cases additional supplementary documents may be required.
You can get an estimate of potential credit amount without any upfront cost or obligation to use our credit estimator. Once our tax professionals determines the exact amount you are eligible for you can either pay a flat fee and file yourself. If you would like our tax professionals to file on your behalf, we have a flat fee including audit protection and our tax professionals will file your claim within 48-72 hours
Not at all. Complete the questionnaire and upload a copy of your 2019, 2020, and 2021 tax returns. We try to make the process as easy and stress-free as possible. Once we have your tax returns, you can either receive the calculation or our tax professionals can amend your 2020 and 2021 tax returns and file for you with audit protection.
Yes. This tax credit is only for self-employed individuals, small business owners, freelancers, and 1099 contractors.
A few factors go into calculating your tax credit refund amount. The most significant factors would be: Your net income from your Schedule C on your 2019, 2020, and 2021 tax returns. How many days you were out sick or told to quarantine with Covid-19 How long you might have cared for a loved one affected by Covid-19. How long were schools or daycare centers closed (and you were forced to care for a minor child during the closings). But the fastest and easiest way to find out how much you could qualify for is to simply use our online calculator
Once we receive the necessary paperwork from you, we will begin to work on your case immediately and get all the forms filed; then, it is up to the IRS to send your refund directly to you. For the most part, we find that it usually takes 12–16 weeks to complete the process and receive your cash refund.
Yes. They can both get the credit but they cannot share qualifying COVID days.
Yes. They can both get the max credit but again, they cannot share qualifying COVID days.
To qualify for the SETC you will need to meet the below criteria: