SETC - FFCRA - Self Employment Tax Credit - Do you Qualify?
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what is FFCRA?
The Families First Coronavirus Response Act (FFCRA) was passed in 2020 and was one of the earliest pieces of legislation designed to help small business owners afford the sick leave their employees had to take because of COVID-19.
The FFCRA originally focused only on employees of certain small businesses but had been expanded in 2021 to cover US citizens who were self-employed during the COVID-19 pandemic and suffered losses in business due to lockdowns or illnesses for themselves or family members.
What dates are eligible for FFCRA?
The dates you can claim under FFCRA income tax credit are between April 1, 2020 – March 31, 2021 and up to 10 days for dates between April 1, 2021 – September 30, 2021.
Here is a breakdown of the days:
Childcare related time off – up to 110 days
50 days between April 1,2020 and March 31, 2021
60 days between April 1, 2021 and September 30, 2021
Yourself or loved one (other than child) – up to 20 days
10 days between April 1,2020 and March 31, 2021
10 days between April 1, 2021 and September 30, 2021
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