SETC -Self-Employed Tax Credit

SETC -Self-Employed Tax Credit

SETC -Self-Employed Tax Credit

Support for Employees Tax Credit (SETC)
The Families First Coronavirus Response Act (FFCRA) was passed in 2020 and was one of the earliest pieces of legislation designed to help small business owners afford the sick leave their employees had to take because of COVID-19.
The total FFCRA Tax credit can be up to $32,200.00 and is based on your net earnings in 2020 and in 2021.
The dates you can claim under FFCRA income tax credit are between April 1, 2020 – March 31, 2021 and up to 10 days for dates between April 1, 2021 – September 30, 2021.
Here is a breakdown of the days:
Childcare related time off – up to 110 days
* 50 days between April 1,2020 and March 31, 2021
* 60 days between April 1, 2021 and September 30, 2021
Yourself or loved one (other than child) – up to 20 days
* 10 days between April 1,2020 and March 31, 2021
* 10 days between April 1, 2021 and September 30, 2021

Areas Covered

United States of America

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