The SETC Tax Credit Expires April 15 2025, Don’t Miss It.
Self-employed? Get up to $32,220 back from the IRS’ FFCRA
Program.
If you’re self-employed or an independent business owner who missed work due to COVID-19 and filed a Schedule SE, you might be eligible for FFCRA tax credits, up to $32,220. Not sure if you eligible?
Complete our eligibility questionnaire todayThe Families First Coronavirus Response Act (FFCRA), a federal statute (Public Law No. 116-127), offers self-employed individuals tax credits which fully compensate them for lost earnings due to their inability to work because of COVID-related circumstances.
The Families First Coronavirus Response Act (FFCRA), also known as the Self-Employed Tax Credit Refund, was enacted by Congress to support independent entrepreneurs—such as sole proprietors, freelancers, and gig workers—throughout the pandemic, promoting a more robust recovery.
Uniquely, this program is the only federal initiative that directly reimburses the self-employed by refunding taxes they have already paid. Importantly, it is not a loan—it’s a direct financial return to those who qualify.
This act was established in response to the COVID-19 pandemic. The SETC specifically offers tax credits to self-employed individuals.
These credits are akin to those provided to employers under the FFCRA, which were intended to financially assist employers in offering paid sick leave and expanded family and medical leave to employees for reasons related to COVID-19. The goal of the SETC is to extend similar support to self-employed individuals, acknowledging the challenges they faced during the pandemic, especially in terms of maintaining income while dealing with health-related issues caused by COVID-19.
You are a self-employed individual, which could include: Running a freelance business where you provide services to another company but are not directly employed by them
You filed a Schedule SE of IRS Tax form 1040 in 2020 and/or 2021
and had a positive net income and paid self-employment tax on your
earnings.
You missed work due to COVID related issues (includes
care-taking)
The FFCRA provides eligibility for paid sick leave to 1099 contractors and self-employed individuals who couldn’t work or telework due to COVID-19. Some of the qualifying reasons for this include, among others:
*These reasons are applicable for credit claims for the period from April 1, 2021, to September 30, 2021.