Expert Help for SETC Claims

Secure your SETC Tax Credits from the experts!

What are SETC Credits?

Unlock up to $32,000 in Self-Employed Tax Credits.

The Self-Employed Tax Credit (“SETC”), established by Congress during the COVID-19 pandemic, offers relief to self-employed individuals, including sole proprietors, freelancers, and gig workers. It acknowledges the financial impact of government mandates and other income-reducing events. If income is higher in 2019, refunds may be based on that income, and the deadline to claim the 2020 tax credit is April 15, 2024.

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COVID-19 Tax Credit for Self-Employed Individuals

Are you self-employed and impacted by COVID-19?

This tax credit can provide financial relief for qualifying self-employed individuals who experienced income loss due to the pandemic. Here are the eligibility criteria:

Self-Employed Status

Sole proprietors, 1099 contractors, freelancers, single-member LLCs, gig workers, and other self-employed individuals may be eligible.

Tax Filings

You must report income on a 1099 or Schedule C on your federal tax returns.

Income Year

The credit is based on 2019, 2020, and/or 2021 income.

Business Structure

Sub S-Corps, true S-Corps, and C-Corps are not eligible.

Why Choose Us

You may benefit from claiming the SETC credit if you meet these requirements.

Filing for the SETC credit can involve complex tax regulations and calculations. To ensure you receive the maximum credit you deserve and avoid any errors that could delay your refund, consider seeking professional help. Our team of tax specialists can guide you through the process, handle the paperwork, and ensure you claim your credit efficiently and accurately.

Investment Planning
80%
Accounts Outsourcing
90%
Business Taxation
72%
Cash Flow
88%

Who We Are

Feeling overwhelmed by the SETC tax credit process? You’re not alone. Here at DIYSETC, we’re a team of tax specialists dedicated to simplifying this program for self-employed individuals like you. We understand the intricacies of the SETC and the specific needs of freelancers, gig workers, and independent contractors whom COVID-19 may have impacted.

We don’t just process forms; we empower you to claim what you deserve. Our team takes the time to explain your options, answer your questions, and ensure you receive the maximum possible credit. Let us handle the tax burden so you can focus on what you do best – running your business.

Testimonials

Going freelance during a pandemic seemed risky, but thanks to these guys, claiming the SETC credit was a breeze! Their team explained everything clearly and made sure I got the full credit I deserved. Now I can focus on building my business without worrying about taxes.

Sarah K., Graphic Designer

Taxes are always a headache, but the SETC process was even more confusing. They took the stress out of it. They were super knowledgeable about the program and walked me through everything step-by-step. I highly recommend them to any self-employed person struggling with the SETC.

David M., Musician

I wasn’t sure if I qualified for the SETC credit, but they helped me understand the eligibility and maximize my refund. They know exactly what to do and made the whole process feel easy. I wouldn’t have known where to begin without them.

Emily L., Virtual Assistant

Frequently Asked Questions

These are the most commonly asked questions from our clients. If you have a specific question in mind about SETC tax credits, please feel free to contact us.

The Sick and Family Leave Tax Credit is a relief measure tailored for self-employed individuals and 1099 workers, instituted under the Families First Coronavirus Response Act (FFCRA). This legislation grants eligible individuals, including gig workers and small business owners, the opportunity to claim a refundable tax credit. Aimed at mitigating the impact of COVID-19-related circumstances preventing work or telework, this historic credit provides crucial financial support.

Key features of this tax credit include:

Qualified Sick Leave Credit:

- It covers up to 100% of qualified sick leave equivalent amounts, capped at $511 per day.

- The calculation is based on the lesser of $511 per day or 100% of the individual's average daily self-employment income.

- Eligible circumstances include medically recommended or government-ordered quarantine/isolation due to COVID-19, experiencing symptoms and seeking diagnosis, or caring for someone under quarantine or with symptoms.

Qualified Family Leave Credit:

- The credit extends to qualified family leave, covering up to 67% of the average daily self-employment income, with a maximum benefit of $200 per day.

- Applicable scenarios include the inability to work due to caring for a child whose school or care facility closed due to COVID-19.

- Established as part of broader congressional efforts to offer financial assistance during the pandemic, these credits acknowledge the unique challenges self-employed individuals and independent contractors face.

No worries, you're all good to go. Just head over to our qualification form and answer the questions truthfully. Our system will fetch your tax data from the IRS for the past years. Once we have that information, we'll determine your maximum tax benefit under this program. The entire process only takes a few minutes, and the best part is that checking your eligibility won't cost you a dime.

No, there are absolutely no upfront fees when you opt for our service. Checking your eligibility and discovering your official maximum refund amount won't cost you a penny. We're committed to ensuring our services are accessible and hassle-free.

Our fee structure is straightforward: charges are only applied after we successfully secure your Self-Employed Tax Credits. For clients who owe nothing in back taxes, we deduct our fee from your tax year 2021 refund after the IRS directly deposits funds into your bank account. To maintain security and client privacy, we have partnered with Stripe® for all payment processing.
If you owe back taxes, don't fret—we offer various payment options to help alleviate the burden. In many cases, we can even eliminate back taxes while putting money back into our client's pockets. We take pride in being part of our clients' financial success stories.

Yes, the taxpayer and their spouse are eligible to individually claim the Self-Employment Tax Credit if they have self-employed income. However, it's important to note that they cannot overlap or share qualifying COVID-related days for which they claim the credit. Each individual's claim must be based on their unique circumstances and periods of inability to work due to COVID-19.

Our streamlined application process can be completed in minutes, completely free of charge, without the hassle of tracking down and uploading old tax documents. After submitting your application, we typically receive your IRS data within three to five business days. Once processed, you'll receive an official calculation of your maximum earned benefit amount.

With just one more easy step, you'll receive the necessary filing documents from SETC Pros, which require a "wet" or actual signature, along with mailing instructions. We provide free shipping to the nearest IRS location for all clients. Upon receipt by the IRS, processing generally takes four (4) and sixteen (16) weeks.

Based on recent IRS information, 2020 refunds will be issued by paper check, while 2021 refunds will be issued via direct deposit.

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Time is Running Out: Claim Your SETC Tax Credits Now

To confirm if you qualify for SETC Tax Refund, please contact us now!