Frequently Asked Questions
What is the Family First Coronavirus Response Act (FFCRA)?What is the CARES Act?What is the Self-Employed Tax Credit (SETC)?For which tax years can I claim the SETC?How is the credit calculated?What is the maximum SETC refund I can receive?Is the credit taxable or a loan?How do I receive my SETC credit?What happens if I owe back taxes?Who is eligible for the SETC?Can I use my 2020 income if it was higher than my 2021 income?Am I eligible if I was both a W-2 employee and self-employed?Can my spouse and I both receive the credit if we filed taxes jointly?Can I count weekends as missed workdays?What is the Application Process?What documents do I need?When is the deadline to apply for the SETC?Does applying for the SETC credit affect my credit score?