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SETC | SELF-EMPLOYED TAX CREDIT

Discover if you qualify for the self-employed tax credit of up to $32,220.

And if you don’t qualify, you pay nothing!

Apply Now! Deadline countdown...

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ACCOUNTANTS
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COPYWRITERS
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DELIVERY DRIVERS
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FREELANCERS
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SOLE PROPREITORS
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Trust in our proven track record with over...
$642,055
in credit processed.
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Assess Your Eligibility Now

Discover if you qualify for valuable tax relief tailored for self-employed individuals like yourself. Our straightforward guide will help determine if you meet the essential criteria, ranging from your self-employment status to the effects of COVID-19 on your business.

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Self-Employment Status

Were you self-employed in 2020 or 2021? You might be eligible for tax credits. Verify your eligibility if you're a freelancer, consultant, or sole proprietor.

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Impact of the Pandemic

Affected by COVID-19 due to quarantine or caregiving responsibilities? These circumstances could qualify you for financial assistance.

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Understanding Exclusions

Certain business structures such as S Corps and C Corps are not eligible for the Self-Employed Tax Credit. Confirm your business structure to ensure eligibility.

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How Does it Work?

Discover Your Eligibility

Begin by completing our straightforward questionnaire and uploading your 2020 and 2021 Form 1040s. Starting your SETC refund process is as simple as answering a few direct questions and providing your tax documents for the past two years to confirm your eligibility.

2

How Does it Work?

Finalize Your Application

Once we calculate your potential credit, it's time to finalize your application. Sign and upload the client agreement along with the completed and signed Form 8879. This step is crucial for us to proceed with your claim, ensuring all your information is accurate and ready for submission.

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How Does it Work?

Receive Your Refund

Relax and let us handle the rest. Once your application is processed and submitted, anticipate receiving your IRS refund within 8 to 16 weeks. We'll keep you informed every step of the way, ensuring a smooth and stress-free experience.

Frequently Asked Questions

Can I qualify for the Self-Employment Tax Credit?
Yes if you are self-employed as a sole proprietor, a 1099 contractor or service provider, or a single-member or partnership LLC with no S-Election.
What documents are needed?
Your 2020 and 2021 tax returns
Do I have to repay the SETC Credit?
No. This is not a loan. It’s a refundable tax credit. When we file your SETC claim we request a refund check for you.
Will the SETC funds run out?
This is not a lending program – tax refunds are issued by the US Treasury. Therefore, all eligible self-employed individuals will receive the funds.
Is the SETC taxable?
The SETC credit is not considered income for federal income tax purposes, but you must reduce any deductible wage expenses by the amount of the credit. Please provide the credit information to your CPA for tax purposes.
How long does it take to get my SETC Credit?
This is how the process works: you send us the required documents and we process an analysis. Very quickly we will send you the amount of your credit. If you wish to move forward, you will select your desired payment option and we file your claim. Within 14-16 weeks you will receive your SETC payment.
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The following will provide answers to some of the most common questions. If you don't see your question, feel free to email info@universaltaxcredit.com for assistance.