Self-Employed Tax Credit or SETC approved by Congress. A closer Look.

Whether your self-employed or just looking for good money to support your family
you need to take a close look at the Self-Employed Tax Credit or SETC
approved by Congress.
If you were self-employed or paid on a Form 1099 you can get a tax credit back for up to $32,000
for 2020 and 2021.

Check out the following video:

Here is what this is all about – a little history.:

In March 2020, the Families First Coronavirus Response Act  (FFCRA) was signed into law to help companies offer paid sick leave and unemployment benefits caused by COVID-19.  Initially the FFCRA focused on employers with W-2 employees to help them weather the economic impact caused by the pandemic.

In December 2020 Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which expanded the FFCRA to cover not only employers, but the self-employed. Thanks to the FFCRA expansion self-employed individuals, freelancers, independent contractors, and gig workers are now eligible for tax credits that pay you back for the time you would’ve normally spent earning money that was lost because of COVID.

It can actually pay you for work lost for Quarantine, Illness, Child care due to school
closures, Vaccination and Vaccination side effects.

You can go to the following webpage to learn more about this and even apply for
this tax Credit.

https://www.jornscpa.com/snap-ffcra/?refid=10988530

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