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Tax Credit One Pager QR-RBC

The Self-Employed Tax Credit (SETC) provides eligible self-employed individuals up to $32,220 in tax credits from 2020 and 2021. The SETC acknowledges the unique challenges of self-employed individuals during the COVID-19 pandemic. To qualify, individuals must have experienced impacts from COVID-19 such as illness or caregiving responsibilities, and have filed a Schedule C or partnership tax return for 2020 and/or 2021. Understanding these challenges, the document's author has partnered with an accounting service to help self-employed individuals take advantage of the SETC to bridge financial gaps caused by the pandemic.

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Erick Moreno
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86 views1 page

Tax Credit One Pager QR-RBC

The Self-Employed Tax Credit (SETC) provides eligible self-employed individuals up to $32,220 in tax credits from 2020 and 2021. The SETC acknowledges the unique challenges of self-employed individuals during the COVID-19 pandemic. To qualify, individuals must have experienced impacts from COVID-19 such as illness or caregiving responsibilities, and have filed a Schedule C or partnership tax return for 2020 and/or 2021. Understanding these challenges, the document's author has partnered with an accounting service to help self-employed individuals take advantage of the SETC to bridge financial gaps caused by the pandemic.

Uploaded by

Erick Moreno
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Introducing the Self-Employed

Tax Credit (SETC)


You may be eligible for up
to $32,220 in tax credits
from 2020 & 2021

The SETC is a specialized tax credit designed to provide support to self-employed


individuals during the COVID-19 pandemic. It acknowledges the unique challenges
faced by those who work for themselves, especially during times of illness, Visit our
caregiving responsibilities, quarantine, and related circumstances. This credit can website here!
be a valuable resource for eligible individuals to help bridge financial gaps caused
With a free
by unforeseen disruptions.
account,
Understanding the unique circumstances that self-employed individuals face, you can
we've partnered with Anchor Accounting Service to ensure that you don't miss out explore all of
on this invaluable opportunity. Whether you're a self-employed business owner, a
1099 subcontractor, or a family-centric small business, the SETC holds the
your savings
potential to bridge the gap left by more traditional forms of support. options!

Almost everybody with schedule C income qualifies to some extent.

Key Eligibility Criteria


Self-Employed Status:
If you were self-employed in 2020 and/or 2021, you could potentially qualify for the
SETC. This includes sole proprietors who run businesses with employees, 1099
subcontractors, and single-member LLCs. If you filed a “Schedule C” or a
Partnership (1065) on your federal tax returns for 2020 and/or 2021, you're on the
Click on...
right track. Get Started
and
COVID Impacts: Calculate Your Credit!
Whether you battled COVID, experienced COVID-like symptoms, needed to
quarantine, underwent testing, or cared for a family member affected by the virus,
the SETC could be your financial relief. If the closure of your child's school or
daycare due to COVID restrictions forced you to stay home and impacted your work,
we're here to help.

Important Note:
Sub S or True S Corps / C Corps are not eligible for the SETC. This unique tax credit
is exclusively available to business owners who filed a “Schedule C” or a Partnership
(1065) on their federal tax returns for 2020 and/or 2021

When you’re ready to apply, you’ll need a few tax documents, the date(s) that
qualify you, and two completed documents from Gig Workers. Details about all of
these documents can be found on your Gig Workers portal.

Brought to you by Gig Worker Solutions and powered by Anchor.


Robert Brett Curtiss (267) 335-7835 [email protected]

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