How To Claim Up To $32K In COVID Relief With Self-Employed Tax Credit
Introduction
The Families First Coronavirus Response Act (FFCRA) was enacted to provide financial relief to individuals affected by the COVID-19 pandemic. For self-employed individuals, the Self-Employed Tax Credit (SETC) offers a refundable tax credit of up to $32,220 for missed work due to COVID-19. This article will guide you through the process of claiming the SETC with Fundwise, ensuring you receive the maximum possible refund.
Understanding the SETC
The SETC is a refundable tax credit designed to support self-employed individuals who experienced a significant reduction in income due to the pandemic. Eligible individuals can claim a tax credit of up to $32,220, which is calculated based on their average daily self-employment income and the amount of work missed due to COVID-19. This credit is particularly crucial for self-employed individuals who might not have access to other forms of government aid.
How Fundwise Can Help
Fundwise offers a comprehensive solution for self-employed individuals to claim the SETC. Their experienced team will guide you through the process, ensuring you receive the maximum possible refund. Fundwise’s expertise in tax preparation and audit defense ensures that all eligible expenses are claimed, resulting in a higher refund.
Pre-Qualification Survey
To get started, take Fundwise’s pre-qualification survey. This survey will help determine your eligibility for the SETC and provide a personalized estimate of your potential refund. The survey is quick, easy, and secure, ensuring your information remains confidential.
Full Tax Audit
Fundwise’s full tax audit service goes beyond the standard SETC calculation. Their team of experts will thoroughly review your previous tax return filings to identify any missed deductions or credits. This comprehensive approach has resulted in additional refunds for many of their clients, often exceeding the initial estimated refund.
Conclusion
Claiming the Self-Employed Tax Credit (SETC) under the Families First Coronavirus Response Act (FFCRA) with Fundwise is the easiest, fastest, and most secure way to receive your refund. By taking their pre-qualification survey and utilizing their full tax audit service, you can ensure you receive the maximum possible refund of up to $32,220. Don’t miss out on this opportunity to receive the financial relief you deserve. Contact Fundwise today to get started.