Time’s running out for restaurant owners to claim the Self-Employed Tax Credit (SETC) — up to $32,220 that could be yours. Curious if you qualify? Check your eligibility now at SelfEmployedTaxesCredit.com before the April 15, 2025, deadline hits.
The SETC, part of the Families First Coronavirus Response Act (FFCRA), is a refundable tax credit for self-employed individuals impacted by COVID-19. If you’re a restaurant owner who faced reduced hours, closures, or caregiving duties in 2020 and 2021, this could be a lifeline. It’s not a loan. It’s money based on taxes you’ve already paid, designed to ease the burden of those tough years. With just weeks left to amend your 2021 tax returns, now is the time to act.
Who Can Claim It?
You may be eligible if you’re a sole proprietor, independent contractor, or restaurateur filing a Schedule SE with positive net income in 2020 or 2021. The credit applies to days you couldn’t work due to COVID-related issues. Here’s who might qualify:
- Owners who were sick or quarantined due to COVID-19.
- Those caring for someone affected, like kids home from closed schools.
- Anyone whose business slowed or stopped due to government restrictions.
- Self-employed filers with positive net earnings in 2020 or 2021.
It covers eligible days from April 1, 2020, to September 30, 2021, based on your income and time impacted.
Why It’s Urgent
Restaurants took a beating during the pandemic, and many owners are still recovering. The SETC offers up to $32,220, or $64,000 if filing jointly, to help with rising costs, wages, or overdue upgrades. But you must amend your tax returns before the April 15th cutoff. The IRS won’t send reminders when it’s gone.
Don’t Miss Out
Claiming the SETC is straightforward. Services like SelfEmployedTaxesCredit.com can check your eligibility and handle the paperwork, often using your IRS records directly. It’s quick, non-taxable, and part of a $50 billion fund that’s first-come, first-served. Waiting too long could mean missing out entirely.
With less than a month left, this is your last shot to secure what’s yours. Visit SelfEmployedTaxesCredit.com today to see if you qualify and beat the April 15th deadline.
