What Is the Self-Employed Tax Credit (SETC)?

The Self-Employed Tax Credit (SETC) refers to the sick leave and family leave tax credit provisions for self-employed individuals introduced under the FFCRA. The SETC allows qualified self-employed workers to recover up to $32,220 for 2020 and 2021.

Who Is Eligible for the SETC Tax Credit?

Eligible self-employed individuals are generally those who meet the following three criteria:

• You identify as a self-employed individual (e.g., sole proprietors, freelancers, independent contractors, and gig workers). See examples below.

• Accountants and Bookkeepers
• Airbnb Hosts
• Amazon Resellers
• Copywriters
• Construction Workers
• Consultants
• Dentists
• Graphic Designers

• General Practitioners
• Personal Trainers
• Photographers
• Rideshare and Delivery Drivers
• Real Estate Agents
• Social Media Marketers
• Veterinarians
• Website Designers and Developers

• You filed a Schedule SE (IRS Form 1040) for 2020 or 2021, reported a positive net income, and paid self-employment taxes on your earnings.
• You could not work or telework in 2020 or 2021 due to COVID-19.

What qualifies as a reason for claiming SETC?

To qualify for SETC tax credits, you must have missed self-employment work due to COVID-related issues. If you were unable to work because of one of the following reasons, you may be eligible:

• A government agency imposed a quarantine or isolation order.
• Your doctor recommended you self-quarantine.
• You were having COVID-19 symptoms while also waiting for an appointment with your doctor.
• You were waiting for COVID-19-related test results.
• You were getting vaccinated against COVID-19.
• You were experiencing side effects from the COVID-19 vaccine

To see how much you qualify for, complete our application by clicking below. 

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