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Self-Employment Tax Credit
If you are one of the 16 million self-employed professionals across the U.S., relief is right around the corner. You’ll be happy to know that a government COVID relief program is still available and specific to your needs! You can claim the Qualified Sick & Family Paid Leave Wage Credit right now. The window for applications is expiring soon, so you need to act fast to take advantage of this life-changing credit.
Post-COVID-19 Financial Recovery for Your Business
HOW MUCH IS AVAILABLE? The total paid leave available is a result of two different government orders, the Families First Coronavirus Response Act (extended by the Consolidated Appropriations Act*) and the American Rescue Plan Act of 2021, taking into consideration the period between 4/1/2020 and 9/30/2021, which add up to a maximum total of 130 days of paid leave. Depending on your situation, the combined provisions of these acts could add up to a maximum of $32,220 per individual, distributed as a refund. This credit is not a loan. Once you know your credit amount, it’s just $1,995 to complete the process. Eligible applicants will receive a check in the mail or direct deposit from the IRS corresponding to their credit amount