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Mastering Your Money, Expert Tax Filing and Loan Services
90% of self-employed individuals will qualify
- Unlock the complexities of taxes and loans with expert guidance from FFCRA.biz.
- Gain invaluable insights tailored to Cincinnati's financial landscape.
- Navigate financial challenges confidently with FFCRA.biz as your trusted resource.
- Empower yourself to achieve financial success with FFCRA.biz by your side.
Transform Your Financial Future with FFCRA.biz: Expert Tax Filing and Loan Solutions
Contact Us Today for Personalized Financial Assistance and Unleash Your Financial Potential!
Step 1
Getting Started with SETC
SETC Calculator
Qualifying Questionnaire
Upload Tax Returns & Picture ID
Sign Agreement
Step 2
Receive exact calculated SETC amount within 48 hours
Step 3
NOW to File it: We have Affordable Payment Plans
Our fees are 20% of SETC amount
Choose Your Payment & Protection Plans in Checkout
Pay in Full or Over 24 monthly installments via PayPal pay later
Step 4
Download your filed copy
Step 5
Receive Your SETC Checks
In 16 weeks, Track it online
OUR commitment to providing exceptional tax and loan services
#1 Rated Tax Firm since 2017
- Ensuring maximum refunds and minimal liabilities for clients during tax filing.
- Resolving past year tax issues efficiently and effectively.
- Providing access to flexible and competitive financing options for diverse client needs.
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You will never have to pay for a mistake WE make, GUARANTEED!
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Helping you keep more of your hard-earned money while helping your financial goals and aspirations.
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The most important thing you'll do in 2025 is meet this first deadline!
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Things that make you go "Hmmmmm"......
"Do I Qualify?"
Yes if you...
- Have self employed earnings during 2020 & 2021
- Filed Schedule C or SE on your tax returns
AND if you...
- Had to comply with Government Covid-19 Quarantine or Isolation orders
Frequently Asked Questions
Everything you need to know about the SETC Tax Credit
Absolutely! This particular tax credit refund is designed with self-employed individuals in mind. It’s also a great fit for small business owners, freelancers, and anyone working as a 1099 contractor. It’s all about giving a helping hand to those who run their own show in the business world.
Yes, you can! If you’ve got self-employment income alongside your W2 earnings in 2020 or 2021, you’re in the running for SETC tax credits. Just remember, if you received FFCRA wages through your employer, we’ll need to adjust your SETC credit accordingly to avoid double benefits. And if your employee benefits don’t cover everything, you might still be able to claim extra credits based on your self-employment.
No, it’s not. Here’s the good news: unlike Paycheck Protection Program (PPP) and the Employee Retention Tax Credit (ERTC), the Self-Employed Tax Credit (SETC) is not considered taxable income. This means when you claim SETC, it doesn’t add to your tax burden the way PPP and ERTC might have. It’s a financial perk without the extra tax strings attached.
Actually, no. Filing for the SETC tax credit won’t affect your 2023 income tax filings at all. To access these credits, our in-house team of accountants will amend your previously filed taxes for 2020 and/or 2021. This means the process is retroactive and doesn’t touch your 2023 tax situation. It’s a separate adjustment to your past filings, ensuring that your 2023 taxes remain unaffected.
The FFCRA tax credit can reach up to a substantial $32,220.00, with its calculation rooted in your self-employed net earnings for both 2020 and 2021.
The amount of the tax credit you can receive is determined through a combination of specific criteria:
Income and Days Affected by COVID-19: Your average daily self-employment income and the number of days you missed work due to COVID-related issues, like quarantine or symptoms, are pivotal. This is used to calculate your potential credit.
Child Care Credit Calculation: If you took leave for childcare, your credit is the lesser of your average daily self-employment income or $511 per day.
Self-Employment Work Interruption Credit: If you missed work due to personal COVID-19 issues or caregiving, the credit is the lesser of two-thirds of your daily income or $200 per day.
Net Income and Caregiving Factors: Your net income reported on Schedule C for the tax years 2019-2021, the days you were sick or quarantined, and the time spent caregiving due to COVID-19, including periods when schools or daycare were closed, all play a role in the calculation.
Our Client Portal simplifies this process, guiding you through these factors and helping calculate your maximum FFCRA tax credit. For a quick estimate, our online Tax Credit Calculator can provide an accurate assessment of your eligibility and the likely credit amount.
