Over 100 Billion Dollars are owed to Americans!
90% of Self-Employed Workers overlooked a tax credit up to $32,220.
Urgent: Time is running out April 15th, 60% will never be able to claim again
Bonus: Can get money in as quick as 5-7 days now!
April 15th is the deadline to file for these programs that are still in place, and we want to make sure you receive everything to which you are entitled.
The Sick and Family Leave Credits have been discussed less than the Employee Retention Tax Credit (ERTC) in the media over the last couple of years. Note: Entities like Sub S or True S Corps / C Corps are excluded from this credit eligibility. The credit is exclusively available to those who filed a “Schedule C” or a Partnership (1065).
Who Qualifies for The Sick and Family Leave Tax Credits?
Self-Employed Status
If you worked as a self-employed person in 2020 or 2021, you may qualify for the SETC. This category includes a diverse range of entrepreneurs, such as sole proprietors managing businesses with employees, gig workers, 1099 subcontractors, and single-member LLCs. This can include those who work remotely as well
COVID Impacts
This credit provides support to those who were directly affected by COVID-19. Eligibility extends to individuals who battled the virus, experienced COVID-like symptoms, underwent testing, needed to quarantine, or served as caregivers to family members affected by the virus. If the closure of your child’s school or daycare due to COVID restrictions compelled you to stay home and it impacted your work, you may also qualify.
Childcare
Eligibility also covers situations related to childcare, such as:
Caring for a child whose school closed or transitioned to virtual learning.
Providing care for a child when the usual childcare provider was unavailable due to COVID-19.
Qualifying Circumstances Include:
Quarantine
Compliance with COVID-19-related federal, state, or local lockdown orders.
Being subject to a quarantine or isolation order related to COVID-19.
Illness
Providing support to someone subject to a COVID-19-related quarantine or isolation order.
Caring for a child affected by school or childcare closures due to COVID-19.
Experiencing COVID-19 symptoms, seeking a medical diagnosis, or suffering from vaccination side effects.
Vaccination
Attending a COVID-19 vaccination appointment.
Experiencing side effects due to COVID-19 vaccination.
Other Similar Conditions
Credit eligibility extends to individuals facing circumstances similar to those outlined by the Secretary of Health and Human Services, following consultations with the Secretary of the Treasury and the Secretary of Labor
SETCPros has built a great system to streamline the eligibility and application process. They have also established a program to expedite the receipt of your credits. This helps you avoid the delays that plagued the ERTC credits for other businesses.
Please reach out to Fidelis Tax and Accounting if you have any questions. We are here to help.
D. Christopher Winans, EA
President
Fidelis Tax and Accounting, LLC
Tel: 443.760.4001
Fax: 443.458.0455
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