We call it the SETC because that's more catchy than SFLC, plus it's a clearer way to refer to what we're actually talking about. The SETC is a tax credit created during the COVID-19 pandemic to support self-employed individuals. It acknowledges the unique challenges faced by those who work for themselves, especially during times of illness, caregiving responsibilities, quarantine, and related circumstances.
You Can Calculate & Claim your Tax Credit in Less than 20 Minutes!
It acknowledges the unique challenges faced by those who work for themselves, especially during times of illness, caregiving responsibilities, quarantine, and related circumstances. This credit can be a valuable resource for eligible individuals to help bridge financial gaps caused by unforeseen disruptions.
Amidst the pandemic, millions grappled with COVID-related challenges, including:
*Illness * Symptoms
* Quarantine * Testing
* Caregiving
* Financial Relief
If you found yourself in situations where COVID impacted your ability to work, the SETC was designed to be your safety net.
If you were self-employed in 2020 and/or 2021, you could potentially qualify for the SFLC. This includes sole proprietors who run businesses with employees, 1099 subcontractors, and single-member LLCs. If you filed a “Schedule C” on your federal tax returns for 2020 and/or 2021, you're in the right place.
Whether you battled COVID, experienced COVID-like symptoms, needed to quarantine, underwent testing or cared for a family member affected by the virus, the SFLC could be your financial relief. If the closure of your child's school or daycare due to COVID restrictions forced you to stay home and impacted your work, we're here to help.
What the SETC is, how you qualify for it, your potential benefits,
and how to apply. The system we've set up walks you through the process, making your application SIMPLE & EASY.
There's a federal tax credit of up to $32,220, and anyone who reported positive net income on their 2020 or 2021 tax return Schedule C can apply for it. Unfortunately, most of the 40 million Americans eligible for this money don't know about it. We're trying to fix that. Applications must be accepted as complete by the IRS by April 15, 2025.
We'd love to help your contractors apply before it's too late. It would be a gift to them to help them obtain their tax credit, and they'd love you for it. We just need your help to bring it to their attention.
Don't worry... we do all the heavy lifting.
Your application must be complete and accepted by the IRS by the deadline for you to receive your credit. The clock is ticking.
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