About SETC Tax Credit
The Self-Employed Tax Credit (SETC) offered by the IRS provides financial assistance to self-employed individuals affected by Covid-19. This refundable credit is designed to alleviate income disruptions and offer relief to self-employed professionals who have been impacted by the pandemic. By claiming this credit, eligible individuals can receive essential funds to help maintain their businesses, cover expenses, and support their livelihoods during these challenging times. The SETC aims to ensure that self-employed workers receive the necessary support to recover and thrive in the post-pandemic economy.
A Simple 3-Step Process
GET QUALIFIED INSTANTLY
If you're self-employed and experienced losses during the pandemic, you likely qualify for this special program. Simply complete the Instant Estimate form to find out immediately.
FILE YOUR CLAIM
We are here to assist you at every step. Our experts will handle all the paperwork and file your claim with the IRS for you, even if you've already submitted your 2020 and/or 2021 taxes.
RECEIVE YOUR MONEY
Rest assured knowing your money is on its way. You'll get your refund directly from the IRS, with most clients receiving their funds within 3-4 months.
AboutZero Risk Policy
Discover why SETC Tax Credits 1099 is the trusted choice for individuals and businesses alike.
It’s our mission to provide you with exceptional service and get you the cash grant you deserve. If, for any reason, we aren’t able to secure your refund, you pay nothing. We assume all the risk.
At SETC, our vision is to empower self-employed individuals and gig workers by providing essential financial support during challenging times. We aim to ensure that every eligible professional receives the assistance they need to sustain and grow their businesses, fostering a resilient community that thrives in any economic climate.
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FREQUENTLY ASKED QUESTIONS?
Here are some answers to the most frequently asked questions.
What Is The FFCRA Tax Credit?
The FFCRA Tax Credit is a benefit for self-employed people and independent contractors. It was introduced during the COVID-19 pandemic. If these individuals couldn’t work due to COVID-19-related reasons, such as being sick, needing to quarantine, or caring for someone, they could receive up to $32,220 from the IRS.
There are two main types of credits:
Sick Leave Credit: If they couldn’t work because of illness or quarantine, they could get up to $511 per day.
Family Leave Credit: If they needed to care for a child whose school or care facility was closed due to COVID-19, they could get up to $200 per day.
The amount they can claim is based on their average daily earnings.
To receive this credit, they had to have filed tax returns for 2019, 2020, and/or 2021 and paid taxes.
How Much Do People Receive?
Based on over 30,000 files that have been processed so far, the average refund is $15,500 per individual.
Do I Have To Fill Out A Ton Of Paperwork?
You DON’T have to upload or fill out any documents. Our automated process was designed to make the entire FFCRA tax refund process simple and easy. We fully take care of amending your tax returns and submitting your application to the IRS.
Do I have To Be Self-Employed To File For The Tax Credit Refund?
Yes. This tax credit is for self-employed individuals, small business owners, freelancers, and 1099 contractors only.
How Long Does It Take To Get This Free Money From The IRS?
It can take up to three weeks for the IRS to acknowledge the acceptance of your FFCRA credit application and up to 20 weeks from that acceptance to receive your refund via check or direct deposit.
