In December 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which expanded the SETC to cover employers and the self-employed allowing qualified self-employed workers to recover up to $32,220.
Typically, subcontractors (1099), sole proprietorships, & single member LLC’s may qualify.
Review your federal tax returns for 2020 & 2021 to verify that you filed a Schedule C or Schedule SE.
Steward Hamilton has created a streamlined application to gather critical details to understand your circumstances.
You pay nothing upfront, we collect a percentage only once your refund is received.
In December 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which expanded the SETC to cover employers and the self-employed allowing qualified self-employed workers to recover up to $32,220.
The Self-Employed Tax Credit (SETC) refers to the sick leave and family leave tax credit provisions for self-employed individuals introduced under the FFCRA.
Typically, subcontractors (1099), sole proprietorships, & single member LLC’s may qualify.
Review your federal tax returns for 2020 & 2021 to verify that you filed a Schedule C or Schedule SE.
If you did, proceed with the application to find out how much of the SETC you may qualify for.
If you don't have a Schedule C or Schedule SE, unfortunately, you would not qualify.
We've created a streamlined application to gather critical details to understand your specific circumstances.
During the application process, you'll upload copies of your Federal Tax Return for 2019, 2020 & 2021. We'll then complete a detailed analysis based on your Schedule C’s, Schedule SE’s and relevant data to determine how much of the SETC you may qualify for (up to $32,220).
After submitting your application, our advisors will review the details you provided. Our detailed analysis usually takes 2 days to complete. However, the process can take up to 10 days, depending on the complexity of your tax returns.
If you qualify, you'll receive an email outlining your estimated tax credit refund and follow-up steps including required paperwork to continue
After completing the required documentation, we will submit it on your behalf to the United States Treasury.
The Treasury processing time varies and normally takes 3-5 months to complete before a refund is issued.
After the Treasury has successfully processed your application, you'll receive your refund.
We operate on a contingency model. As a client, you pay nothing upfront, and Steward Hamilton Tax Advisory collects a percentage of what you receive once you receive your SETC refund.
Copyright © 2024 Steward Hamilton Tax Advisory - All Rights Reserved.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.