Beware of SETC Scams! IRS Issues Warning
In July, the IRS issued a crucial ‘comsumer alert’ regarding deceptive practices surrounding the Self Employed Tax Credit (SETC). Fraudsters and online scammers are promoting misleading information about this tax credit, luring unsuspecting taxpayers into filing false claims. It is essential to recognize these scams, protect yourself, and understand who actually qualifies for legitimate tax […]
Who Qualifies for the 2021 SETC Tax Credit?
The 2021 Self Employed Tax Credit (SETC) offers a significant opportunity for those running their businesses independently to gain tax benefits. The SETC Tax Credit was created as part of the American Rescue Plan Act to provide economic relief to self-employed individuals impacted by the COVID-19 pandemic. This initiative aimed to support self-employed professionals by […]
How to Apply for the SETC Tax Credit ( In 5 Simple Steps! )
The SETC tax credit is a US government program that provides money to self-employed people, freelancers, and independent contractors who lost income due to COVID-19. Applying for the Self Employed Tax Credit (SETC) involves several steps to ensure you maximize your credit and avoid errors. Here’s a streamlined guide to help you through the process: […]
How Does the Self-Employed Tax Credit Work?
Navigating taxes can be daunting, especially for those who are self-employed. Whether you’re a freelancer, 1099 contractor, or gig worker, understanding the various self-employed tax credits available can significantly ease your financial burden. These tax credits are designed to help reduce the overall tax liability for self-employed individuals. This blog will explain how this form […]