The deadline for SETC submissions has been extended until April 2025*

How to claim up to $32,220 in non-repayable tax credits with SETC

Were you impacted by COVID-19 during the 2020 or 2021 tax year? With the Self-Employed Tax Credit (SETC), you may be eligible to claim up to $32,220 in non-repayable tax credits. Not sure if you are qualified? See the eligibility requirements here.

What is the Self-Employed Tax Credit (SETC)?

The SETC is crafted to aid self-employed individuals impacted by the COVID-19 pandemic. It addresses the distinct challenges they face during COVID-19 by providing up to $32,220 in non-repayable tax credits and nearly everyone with Schedule C income qualifies.

If you’ve faced COVID-related challenges impacting your work, the SETC refund is your safety net. *The deadline for SETC submissions has been extended to April 2025, allowing more individuals ample time to submit their SETC claims. It only takes 5 minutes to get an estimate and submit your claim.

Am I eligible for SETC?

Self-Employed Status

If you were self-employed in 2020 and/or 2021, you may qualify for the SETC. This encompasses sole proprietors with employees, 1099 subcontractors, and single-member LLCs. If you filed a “Schedule C” on your federal tax returns for 2020 and/or 2021, you're on the right track.

Impacted by COVID-19

You may be eligible for SETC as a self-employed individuals if you were impacted directly or indirectly by COVID-19. Whether you exhibited COVID-like symptoms, required quarantine, underwent testing, or cared for an affected family member, the SETC offers potential financial relief.

How to submit an SETC application

Sign up for an account

Register for an account on GigWorker solutions here.

Start your SETC estimate process

On your GigWorker dashboard, select either "Self-Employed Tax Credit" on the sidebar or "Calculate Your Credit!" to begin the process. It'll take under 5 minutes to receive an estimate of your eligible tax credits.

Fill in your personal details

Ensure that all your personal details are correct and accurate as the address provided will be used as the mailing address for your SETC refund check.

Select the affected Tax year/s

Complete one OR both forms for Tax Year 2020 and 2021 if it is relevant to you. *Potential Tax Credit value will be higher if you were impacted in 2020 and 2021.

Date range of COVID impact (1/2)

There are 3 Primary Tax Filer sections:

• Income loss due to contracting COVID-19, had COVID-19 symptoms, a COVID-19 related illness or were told to quarantine because you were exposed or affected by COVID 19.

AND

• Income loss due to caregiving for someone else (e.g. child, spouse, elder, other person) whom had COVID-19, had COVID-19, symptoms, a COVID-19, related illness or were told to quarantine because they were exposed or affected by COVID-19.

Date range of COVID impact (2/2)

• Income loss due due to caregiving for a minor* in your household as the child’s school or daycare closed, your child out was sick, or your child was told to quarantine due to COVID-19.

*Under the age of 18 or a child with severe disabilities.

Get an estimate of your eligible Tax Credit

Instantly receive an estimate of the Tax Credits you may be qualified for before you continue with the claim process. Simply hit "Claim Now!" to upload the relevant tax documents.

Upload and submit your claim

You're almost done - just upload your respective Tax Return documents and click "Submit" to complete your claim application.

Your claim application is now in good hands as the team at GigWorker and Anchor Accounting Services will prepare and guide you throughout your claim process.

Frequently asked questions about the Self-Employed Tax Credit refund

The SETC is actually a nickname for the the provisional sick and family leave tax credits for self-employed individuals introduced under the FFCRA (Families First Coronavirus Response Act). The only difference is that SETC refers to self-employed individuals, while FFCRA refers to employees.

The amount you can receive from the SETC credit varies depending on your filing status, income, and the specific regulations of your state. You can find information about the credit amount and eligibility requirements through the GigWorker solutions platform for SETC.

Yes, in most cases, you can still apply for the SETC even if you have already filed your federal tax return. However, the specific process for doing so may vary by state. It’s best to contact your state’s Department of Revenue for further guidance.

The timing for receiving your SETC refund will depend on the processing time of your state’s Department of Revenue. It’s generally recommended to check with your state’s department for specific details regarding their refund schedule.