New SETC self employed tax credit - a game changer
There's a new opportunity for independent contractors, freelancers, gig workers, and other self-employed individuals impacted by COVID-19 during 2020 or 2021 - the Self-Employed Tax Credit (SETC).
This groundbreaking credit allows you to claim up to $32,220 in non-repayable tax credits.
(links reward us for referrals. 20% fee applies to credits if applying through Gig Worker Solutions, due to the complexity and the specialty required to process these).
Gig Worker Solutions offers a funding advance, for an extra 3% fee. You can get your funds in as little as 5 business days!
Who is this for?
1.) Did you receive self-employment income in 2019, 2020, and/or 2021?
2.) Was this income from a freelance job you do or non-S Corp business you own?
3.) Did you pay over $3,000 in taxes in any 2-year period from 2019 - 2021 (minimum required for processing by Gig Worker Solutions, not by the U.S. government).
4.) Did you experience any setbacks or difficulty at all during covid due to things like
● Lockdowns
● Hospitalization
● Quarantine
● Decrease in business or decrease in income
● Childcare
● Caring for another individual
● Etc?
If you meet these criteria you could be among the first to benefit. Whether you're a sole proprietor, a 1099 subcontractor, or a single-member LLC, and you filed a "Schedule C" or Partnership (1065), you're eligible.
Steps to get the SETC Tax Credit
1. Create your account on our partner site, Gig Worker solutions.
2. Within your dashboard, click "Calculate your credit."
3. Share your info about yourself and your business.
4. Deadline to submit your claim is April 2024, but do not risk waiting, due to possibilities of the program being suspended or funds being used up.
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