1099 Independent Contractor SETC Checker: Calculate Your FFCRA Tax Credits
There are many perks to being self-employed, but it also has its disadvantages, namely a lack of employee benefits such as sick leave and parental leave.
Were you left out of pocket due to government-ordered quarantine during the pandemic? If so, taking advantage of the FFCRA tax credits could subsidize this lost income.
HeyDay Marketing HQ has partnered with a CPA firm specializing in SETC COVID relief programs to raise awareness of Families First Coronavirus Response Act (FFCRA) tax credits.
With the new partnered eligibility tool, you can find out how much you are due in tax credits to subsidize any lost income due to government-issued quarantine regulations.
The amount of credit is calculated based on average daily selfemployment income multiplied by the number of days on leave.
You can also claim FFCRA tax credits if you took unpaid sick leave to care for a family member or had to stay at home to provide childcare due to quarantine restrictions.
Don't have the time? Don't worry! The team behind the platform has partnered with a trusted account firm to support you with all the associated paperwork.
Go to https://go.heydaynola.com/setc3 to find out more.