The COVID-19 tax credit for self-employed and 1099 workers for sick and family leave is the equivalent tax credit to the Sick and Family Leave Tax Credits under the Families First Coronavirus Response Act (FFCRA) for eligible self-employed individuals or independent contractors.

Under the FFCRA, eligible self-employed individuals or independent contractors could claim a refundable tax credit against their income tax liability for up to 100% of the qualified sick and family leave equivalent amounts, subject to certain limitations, if they were unable to work or telework due to COVID-19-related reasons.

The qualified sick leave equivalent amount was the lesser of either $511 per day or 100% of the average daily self-employment income for each day an individual was unable to work or telework because they were subject to a quarantine or isolation order, had COVID-19 symptoms and were seeking a medical diagnosis, or were caring for someone who was subject to a quarantine or isolation order or who had COVID-19 symptoms.

The qualified family leave equivalent amount was the lesser of either $200 per day or 67% of the average daily self-employment income for each day an individual was unable to work or telework because they needed to care for a child whose school or place of care was closed due to COVID-19.

To claim the tax credit, eligible self-employed individuals or independent contractors would report the qualified sick and family leave equivalent amounts on their 2020 or 2021 tax return, depending on when the leave was taken.

Absolutely Yes!  We will need to file an amendment on your tax return.  We do this all the time.  All we require from you is a copy of your 2020 and/or 2021 tax returns and a copy of your drivers license and we’ll handle the rest.

For the most part, all we require is your 2020 and/or 2021 tax return with schedule C and a copy of your drivers license for identification.

Our fee schedule is really simple.  We charge an upfront processing fee of $350.  This is to cover our costs for filling out all the paperwork and securing your refund from the IRS.

Then once you receive your refund from the IRS, an additional 15% of your refund amount is then due AFTER you receive your refund.

That’s it!  No small print or hidden charges whatsoever.

Not at all.  We basically have an agreement letter on our website that you’ll need to read, sign and date.  You will also need to upload a copy of your 2020 and 2021 tax returns and a copy of your drivers license.  Thats basically it.  We try to make the process as easy and stress free as we can for you.  Once we have your tax returns we’ll take over and get everything filed for you.