Unlock Up To $32,220 Reserved Government Funds With The Self-Employed Tax Credit

Did the Covid-19 Pandemic impact you?

Are You Self Employed?

Find out today how much federal tax refunds are owed to you through the Self Employed Tax Credit also known as the FFCRA Covid Relief Program for the Self-Employed.

Did you experience income fluctuation due to COVID-19? You may be eligible for up to $32,200 in tax credits (and up to $64,400 for married couples filing jointly) for tax years 2020 & 2021, regardless of your credit score. Click "Claim My Refund" to discover what you're owed.

LET'S GET STARTED

What Is The FFCRA Tax Credit — Families First Coronavirus Response Act?

The SETC is a tax credit established to support self-employed individuals facing financial hardship due to COVID-19. Many accountants may not be familiar with this program, so it's important to be aware of your eligibility.The government has set aside millions in tax credits for self-employed individuals like you, affected by the COVID-19 pandemic.


Unfortunately, many accountants did not (and still do not) know this exists! So, when we discovered this hidden treasure in 2023, we decided to change it.Since then, we've partnered with Anchor Accounting Services to create a seamless experience to return over $250 million to self-employed professionals.


Minimum Requirements

Claiming Your Hidden Treasure:Join the $250,000,000 other self-employed who received their money. LET’S SEE IF YOU QUALIFY

This isn't just any credit; it's a tax credit specifically designed to aid self-employed individuals impacted by the pandemic. Don't miss out on this opportunity to claim what you've earned. If you qualify you can get up to $32,200 refunds.

Why Choose Pro SETC & Gig Worker Solutions?We Make It Effortless to Claim YOUR Money from the Government

Ready To Unlock The Power Of The SETC, Simplify Your Tax Filing, And Take Control Of Your Finances? 
Explore Gig Worker Solutions SETC Resources Today.

FREQUENTLY ASKED QUESTIONS

What Is The FCCRA?

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 FFCRA originally focused only on employees of certain small businesses but had been expanded in 2021 to cover US citizens who were self-employed during the COVID-19 pandemic and suffered losses in business due to lockdowns or illnesses for themselves or family members.

What Dates Are Eligible For FFCRA Income Tax Credits?

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 1st 2020 and March 31st 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

How Is The Credit Amount Determined?

Self-employed individuals are eligible for FFCRA credit if they are out of work (or telework) due to government quarantine orders, self-quarantine, COVID-19 symptoms and seeking medical diagnosis. The credit is calculated by multiplying the number of days on leave and taking whichever amount is smaller:

Your average daily self-employment income of year or:

$511.

If you are unable to work (or telework) to take care of a family member who is under quarantine or to take care of a child whose child care is unavailable, you are still eligible for this credit. The credit is calculated by multiplying the number of days on leave and taking whichever amount is smaller:

⅔ of your average daily self-employment income or :

$200.

We will use line 6 of the Schedule SE on your personal tax return to determine your annual pay, that is then divided by 260 (Considered the standard amount of working days in a year) to calculate your daily rate.

From there, we must determine which reason the leave was taken and that will decide what rate can be paid for the dates being claimed. For self leave, we claim your full daily rate up to $511/day. Family or childcare leave is calculated as 2/3rds of your pay up to $200/day.

How Long Does It Take To Receive Funds?

It can take up to three weeks for the IRS to acknowledge the acceptance of your FFCRA credit application and up to 20 weeks from that acceptance to receive your refund via check or direct deposit.

How Much Is The FFCRA Credit?

The total FFCRA Tax credit can be up to $32,200.00 and is based on your net earnings in 2020 and in 2021.

You will have to calculate your daily average of self-employment income. This is your net earnings for the taxable year divided by 260 (the standard recognized amount of working days in a year). This allows the IRS to estimate how much you lost in wages for every day you were not able to work.

What Does It Mean To Be Self-Employed?

A self-employed person in the United States, as defined by the Internal Revenue Service (IRS), is generally considered someone to who the following applies:

You carry on a trade or business as a sole proprietor or an independent contractor.

You are a member of a partnership that carries on a trade or business.

You are otherwise in business for yourself (including a part-time business or a gig worker).

What Is The Definition Of A Dependent?

The IRS defines a dependent as either a qualifying child or relative of the taxpayer. The relative can be your child, stepchild, foster child, sibling, parent, grandparent, grandchild, aunt, uncle, niece, nephew, or certain in-law relationships.


The Child Tax Credit helps families with qualifying children get a tax break. To have received a Child Tax credit or a credit for other dependents, you would have had to submit a Schedule 8821.A child must have lived with you for more than half of the tax year. Temporary absences, such as for education or medical care, are generally counted as periods of living with you. You must have provided more than half of the relative’s total support during the tax year. The relative’s gross income must be below a certain threshold determined annually by the IRS (subject to change). It’s important to note that these are just general guidelines, and there may be additional rules and exceptions. The IRS provides detailed information in publications such as IRS Publication 501.


Examples of a Dependent:

Child

Parent

Brother/Sister

Stepparent/Stepchild

Adoptive Daughter/Adoptive Son

Stepbrother/Stepsister

Half Brother/Half Sister

Grandparent/Grandchild

Son-in-law/Daughter-in-law

Mother-in-law/Father-in-law

Brother-in-law/Sister-in-law

Uncle/Aunt

Niece/Nephew

Do I Qualify For FFCRA Income Tax Credit If I Already Received Unemployment Benefits?

No. You cannot claim double benefits on days you already received payments from unemployment insurance claims.

Do Weekends Count?

If your standard work day includes a weekend day, or your child was in school or daycare during a weekend, then you may include them.

If you normally don’t work on weekends or your child does not go to school on weekends, you cannot claim credits for weekends that they would not have worked or taken leave anyway. The credits are only available for the days that you would have worked or taken leave if not for the COVID-19-related reasons.

Do I Still Qualify If I Did Not Pay Myself Sick Leave?

Yes! This is what the FFCRA was designed to cover, especially since a lot of entrepreneurs fall into this category.

Can I Use Days I Took Care Of A Child Other Than My Own Child?

No. you can only use days you took care of your dependent.

What If My Child's School Moved To Online Classes?Is It Still Considered "Closed" For The Purpose Of The Credit?

Yes. If the physical location where your child received instruction or care is now closed, the school or place of care is “closed” for purposes of paid sick leave and expanded family and medical leave. This is true even if your child is still expected or required to complete assignments.

Will I Get A Check Or Will The Refund Be Deposited In My Account?

Refunds for 2020 and 2021 will be sent to you directly by the IRS via check to the address provided on your FFCRA application.

Can I Claim FFCRA Tax Credits If I Am Also A W2 Employee?

Finance Pro Plus is unable to help W2 employees with filing for the FFCRA. You may still qualify for credit depending on if your employer filed for the FFCRA on your behalf. Consult a CPA for your specific situation.

What Is A "Child Or Other Dependent" Tax Credit?

The Child Tax Credit helps families with qualifying children get a tax break. To have received a Child Tax credit or a credit for other dependents, you would have had to submit a Schedule 8821.

Why Do I Have To Have Positive Tax Earnings To Qualify For FFCRA Income Tax Credit?

We understand Covid-19 pandemic effected everyone globally. If you did not have positing earnings in 2020 because of Covid-19 restrictions, we can use your 2019 net income.

Can More Than One Parent Of Guardian Claim FFCRA Tax Credits Simultaneously To Care For My Child Whose School Or Place Of Care Was Closed Or Went Virtual Due To Covid-19 Related Reasons?

Yes, but parents can not claim the same dates twice.

Is FFCRA A Loan Or A Grant?

FFCRA is a tax credit not a loan. It is also not considered a grant as it’s a refund of taxes you’ve already paid.