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Submitted URL: https://myfederaltaxcreditnow.com/
Effective URL: https://www.selfemployedcredit.org/setc
Submission: On April 27 via api from US — Scanned from DE
Effective URL: https://www.selfemployedcredit.org/setc
Submission: On April 27 via api from US — Scanned from DE
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Claim your credit before the time runs out! 2 Days 13 Hours 37 Minutes 36 Seconds WHAT IS SETC?ABOUT USCHECK ELIGIBILITY CLAIM UP TO $32,220 Were you a self-employed individual, freelancer, or independent contractor in 2020 or 2021? Watch this video Are You Eligible? AS FEATURED IN EASIEST 30 SECONDS Take The Eligibility Quiz Take control of your finances by taking the SEC Tax Credit Eligibility Quiz. In just 30 seconds, our experts will guide you through 6 simple questions to determine how much you are owed. The SEC program, established under the Families First Coronavirus Act, is designed to help self-employed workers and small businesses recover from the financial impact of COVID-19. Childcare * Looking after your child whose school has closed or transitioned to online learning * Providing care for your child in the absence of available childcare due to COVID-19 Illness * Experiencing symptoms of COVID-19 or pursuing a medical evaluation. * Illness resulting from vaccine-related side effects * Attending to someone exhibiting symptoms of COVID Vaccination * An appointment for a COVID-19 vaccine· Adverse reactions following a COVID-19 vaccination Quarantine * Orders for lockdown at the federal, state, or local level due to COVID-19 * Directives for quarantine or isolation associated with COVID-19 Take A Quick Test WHAT IS SETC? Self-Employed TaxCredit The Self-Employed Tax Credit (SETC) is a targeted financial aid initiative established to assist self-employed individuals during the COVID-19 crisis. This credit recognizes the distinct difficulties encountered by self-employed persons, particularly in situations of sickness, caregiving duties, quarantine, and similar conditions. Why It's Worth The Time Privacy Bank-level secure process (Soc2 Compliant) prioritizing your privacy. Expertise Experienced tax pros with an average of 10 years' expertise. No Upfront Costs If you don't qualify, you do not pay. Up to $32,220 Get up to $32,220 in self-employed tax credits. Guidance Expert guidance with over $129 million in SEC tax credits filed. Max Refund Guarantee Your tax prep is on us if you find a bigger refund elsewhere. ABOUT US Self-Employed Credit At Self Employed Credit, we champion small businesses and empower self-employed individuals to maximize their tax refunds. With deep knowledge and years of experience in the SEC space, we've successfully filed over $129 million in tax credits for our clients. Our Expertise Let us handle the amendment of your tax returns and manage the submission process to the IRS on your behalf, freeing up your time to concentrate on expanding your business. Our service is dedicated to your convenience, streamlining the process for self-employed individuals. UNSOLICITED FEEDBACK CLIENT TESTIMONIALS "Process is so simple with just a call in and upload." ~ Romeo P. "I had no idea what this was, but I qualified for $28,000+. Truly helps this year." ~ Ashley G. "These guys were so professional over the phone and filled out all of the information for me. Thank you for actually finishing that in a few minutes." ~ Ben M. CLAIM WHAT'S RIGHTFULLY YOURS! Get Started Now! Take the Self Employed Credit Eligibility Quiz and unlock your unclaimed refunds. Don't wait 16+ weeks – our organization can get you funded within 2-3 days. Your money is waiting – claim it now and supercharge your finances! Check Eligibility Frequently Asked Questions What is the FFCRA tax credit program? In March 2020, the enactment of the Families First Coronavirus Response Act (FFCRA) provided a framework for businesses to extend paid sick leave and unemployment benefits in the wake of COVID-19. Initially, the FFCRA primarily supported businesses with W-2 employees, aiming to mitigate the economic fallout from the pandemic. By December 2020, the passing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act broadened the scope of the FFCRA. This expansion included not just employers but also self-employed individuals, allowing freelancers, independent contractors, and gig workers to access tax credits. These credits compensate for income loss due to COVID-19, effectively paying back for the time they could not work. The FFCRA, a federal law crafted as a response to COVID-19, offers a range of benefits: paid sick leave, complimentary COVID-19 testing, food assistance, unemployment benefits, and health insurance safeguards for employees. For the self-employed, it provides similar benefits through tax credits claimable on income tax returns, offering reimbursement for lost work due to COVID-19-related sick leave. How much is the FFCRA credit? The maximum FFCRA Tax credit, which can reach $32,200, relies on your net earnings from self-employment in both 2020 and 2021. To determine your FFCRA credit, we employ your average daily self-employment income (calculated as your net earnings for the taxable year divided by 260) and consider the amount of self-employment work you missed due to COVID-19-related matters. This enables the IRS to estimate the income you forfeited for each day you couldn't work. Why haven’t I heard of this before? At first, the FFCRA primarily targeted employers with W-2 employees. Although the CARES Act, passed in the same year, extended Tax Credits to self-employed individuals, this change was not widely promoted. Research indicates that more than 80% of self-employed individuals are unaware of their eligibility for FFCRA tax credits. Is this similar to the PPP program? The PPP (Paycheck Protection Program) and FFCRA (Families First Coronavirus Response Act) are two separate measures aimed at addressing the economic repercussions of the COVID-19 pandemic. PPP aids small businesses through loan provision, which can potentially be forgiven. In contrast, FFCRA is not a loan but rather a tax credit applicable to taxes already paid by individuals. While PPP provides assistance to businesses, FFCRA is centered on assisting individuals. What is the average FFCRA refund The average customer has received an FFCRA refund of $9,400. What should I expect after submitting The IRS is currently handling a backlog of amended Form 941 submissions related to the Employee Retention Credit and the Families First Coronavirus Response Act. Consequently, if you opt-out of the advance option, there might be a significant delay in receiving your refunds. The waiting times can vary, but it's common for new applications to take anywhere from 5 to 8 months on average. How can I monitor the refund status? To check your refund status, you can directly contact the IRS at (877) 777-4778. Our Customer Support team is also available for updates during your refund process. How will I receive my FFCRA refund? The IRS will mail your 2020 and/or 2021 FFCRA tax credit payment to the address in your application. It's important to be aware that if you have any unpaid tax debts, the refund will be applied to those outstanding balances before you receive the payment. How long does it take to receive a refund? It can take 4-6 months to receive your refund. We offer an advance option that will expedite this time to just 24-48hrs is there a deadline? The deadline for making changes or amendments to your 2020 and/or 2021 tax returns in order to claim or adjust FFCRA credits is within three years from the original due date of the return or within two years from the date you paid the tax, whichever comes later. Specifically, the deadline for claiming the FFCRA tax credits for your 2020 tax return is April 15, 2024, and for your 2021 tax return, it is April 15, 2025. Does this have any impact on filing for 2023? Claiming the FFCRA tax credit will not affect the process of filing your annual income taxes for 2023. To obtain the FFCRA tax credits, our team of certified public accountants (CPAs) will make revisions to the taxes you have already submitted for the years 2020 and 2021. How can I claim the FFCRA tax credits? To access the FFCRA tax credits, you'll need to confirm your eligibility and make changes to your 2020 and/or 2021 tax returns along with their supporting documentation. While it's advisable to engage a Certified Public Accountant (CPA) for this task, it can be both time-consuming and costly. Alternatively, you can click on the "Apply Now" button located at the top right corner of your screen. By answering questions, you can allow us to handle this process on your behalf. Our team of CPAs are ready to help self-employed individuals and sole proprietors to access the federal FFCRA tax credits that they are entitled to. Why should I work with a specialist? The tax code is extensive, with over 70,000 pages, making it impractical to fully grasp every aspect. Our expertise is specifically focused on FFCRA & ERC Tax Refunds. This specialization is akin to the difference between a general practitioner and a neurologist. By dedicating our efforts exclusively to this program, our strategic partners have developed a profound understanding of its intricate nuances. This expertise enables them to accurately evaluate your eligibility and calculate your refunds with precision. Privacy Policy | Terms & Conditions | Signature Agreement ©2024 Self Employed Credit