Check Your SETC Eligibility With This FFCRA Tool For Independent Contractors

There are many perks to being self-employed, but it also has its disadvantages, namely a lack of employee benefits such as sick leave and parental leave. Were you left out of pocket due to government-ordered quarantine during the pandemic? If so, taking advantage of the FFCRA tax credits could subsidize this lost income.

How does it work?

HeyDay Marketing HQ has partnered with a CPA firm specializing in SETC COVID relief programs to raise awareness of Families First Coronavirus Response Act (FFCRA) tax credits. Using their online tool, independent contractors can check their FFCRA eligibility for the program if they suffered loss of income during the pandemic.

Go to https://go.heydaynola.com/setc3 to find out more.

Who is eligible?

In December 2020, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act which expanded the FFCRA criteria to cover independent contractors, otherwise known as 1099 contractors. With the new partnered eligibility tool, you can find out how much you are due in tax credits to subsidize any lost income due to government-issued quarantine regulations.

Independent contractors include workers from a wide range of niches including tutors, electricians, landscapers, and rideshare drivers. All these industries (and more) were affected by government isolation and quarantine regulations during COVID-19. If you had to take unpaid sick leave, you can reclaim this money through the FFCRA tax refund process – money that is rightfully yours!

According to research from The National Library of Medicine, a total of 84,946,636 adults were contacts of a COVID-19 case between January 2020 and March 2022. Of these, 49.4% were required to quarantine for more than five days, resulting in a significant loss of income. Today, you can easily claim tax credits under FFCRA for loss of work due to quarantine orders by completing an online form. The amount of credit is calculated based on average daily self-employment income multiplied by the number of days on leave.

What if I had to care for a family member?

Did you know you can also claim FFCRA tax credits if you took unpaid sick leave to care for a family member? You can also be eligible if you had to stay at home to provide childcare due to a government-issued quarantine restriction.

How complicated is the process?

Don't have the time? Don't worry! The team behind the platform has partnered with a trusted accounting firm to support you with all the associated paperwork. "We’ll take care of amending your tax returns and submitting your application to the IRS, so you can get back to doing what matters most: growing your business," says the company.

Don't let this chance slip away. Visit the application tool today at https://go.heydaynola.com/setc3 to check your eligibility.