Tax Advisory and Tax Benefits with a cpa near me

The Self-Employed Tax Credit (SETC) is a refundable tax credit introduced under the Families First Coronavirus Response Act (FFCRA) to support self-employed individuals who were unable to work due to COVID-19. 

• To qualify, you must have experienced a reduction in self-employment income due to COVID-19, either because you were sick, caring for someone who was sick, or unable to work due to quarantine.
• The deadlines for claiming the SETC is April 15, 2025, for the 2021 tax year.