The Families First Coronavirus Response Act (extended by the Consolidated Appropriations Act), and the American Rescue Plan offer tax credits to individuals through paid sick leave and extended family and medical leave for COVID-19-related reasons. Self-employed individuals are eligible for up to $32,200, or $64,400 if both spouses were self-employed.

Eligibility requirements include being a self-employed individual, encompassing various categories such as sole proprietors, independent business owners, 1099 contractors, freelancers, gig workers, and single-member LLCs. Additionally, you must have filed a Schedule SE of IRS Tax form 1040 in either 2020 and/or 2021, showing a positive net income and the payment of self-employment tax on your earnings. Furthermore, qualification entails having missed work due to issues directly related to COVID-19.

Covid related paid time off is available as follows: up to 60 days – 12 weeks between April 1, 2020, and March 31, 2021. Up to 70 days – 14 weeks between April 1, 2021, and September 30, 2021.

Yes. The deadline to file is 4/15/2025, or, when the allocated funds run out. Whichever is sooner.

This is a common misconception. The official name is Paid Sick and Family Leave Credit. Information and links about the specific regulations that are applicable to this credit are available on the IRS website.

Once your application is submitted, you will be updated as you go through the process. Gig Worker Solutions will send you email updates. You will also have login access to your customer portal to see updates in real time.

Please call or text 512-569-9400 and we’d be happy to assist! Or, email info@self-employed-credit.com and we will respond within 24 hours. We’re happy to help!