Self-Employed Tax Credit (Expires 04/15/25)

The SETC is a refundable tax credit designed for self-employed individuals who lost income due to COVID-19-related business interruptions. It compensates for missed workdays by providing relief based on net earnings, similar to paid sick leave or family leave available to W-2 employees.

The SETC is available to self-employed individuals who reported income on Schedule C of their federal tax return in 2020 and/or 2021 and were unable to work due to COVID-19-related reasons. This includes:

• Freelancers
• Gig Workers (Uber, Lyft, DoorDash, Instacart, etc.) 
• Sole Proprietors
• 1099 Contractors
• Single-Member LLCs

To qualify, you must meet the following criteria:

• Filed Schedule C with your 2020 and/or 2021 tax return
• Experienced lost income due to COVID-19 (illness, quarantine, or caregiving for a sick family member)
• Had net earnings from self-employment during the applicable tax year

The SETC is a valuable credit for self-employed individuals who faced economic challenges during the pandemic. If you believe you qualify, don’t delay—claims for 2020 and 2021 expire on April 15, 2025. Contact us today to start your application.