Are you self-employed? Do you have a relative, friend or neighbor who owns a business?
If so, we have great news for you and for them!!
The federal government has a tax credit waiting for you? It’s called the Self-Employed Tax Credit (SETC) under the American Rescue Plan Act.
The SETC is a specialized tax credit designed to support self-employed individuals who faced unique challenges during the COVID-19 pandemic. This credit can be a valuable resource to help bridge financial gaps caused by unforeseen disruptions, such as illness, caregiving responsibilities, quarantine, and related circumstances.
Here’s what the SETC has done for other self-employed, gig workers and small business owners.
I didn’t even know about the SETC program until a friend sent me a link and I was blown away by how simple and easy it was to not only claim my tax credit, but the support and service through the process was much better than I could’ve imagined. I didn’t know anything about the program and so they did a great job educating me and making me feel comfortable and knowledgeable throughout the process. I received over $25,000 back from the IRS! — Kyle Auffrey
The team has been incredible. They are extremely knowledgeable and honest up front. Never a surprise from their end, and they’re fantastic to work with. I will always recommend them for small businesses, save your money and pay it forward to your employees. — Jason Stratton
The team that has put this together are genuine and honestly have so much passion for this. They truly care about what they are doing and providing a quality service to anyone that can benefit from it. They are all professional and friendly and really make you believe that they are looking out for you. — Ethan Walters
How to Claim the SETC
To claim the SETC, you need to ensure that you have all relevant documentation to support your claim. This includes records of your self-employment income (Schedule C), proof of COVID-related impacts on your work, and any other supporting documents. Here’s a quick guide to get you started:
1. Gather Documentation: Collect all necessary records, including your Schedule C forms, documentation of COVID-related impacts (e.g., quarantine notices, test results), and any other relevant evidence.
2. Consult a Tax Professional: Consider consulting with a tax professional to ensure you accurately claim the credit and maximize your eligibility.
3. File Your Claim: File your amended tax returns for 2020 and 2021 if you have not already claimed the credit. Make sure to include all necessary documentation to support your claim. Use this link to get started: http://getmytaxcredit.biz/
Now Is the Time to Act
If you haven’t yet claimed this credit, now is the time to act. This important tax credit expires in April 2025.
Ensure you gather all required documentation and seek professional advice if needed to take full advantage of this opportunity.
Don’t miss out on the financial relief you deserve. Anchor Wealth can help you navigate the process and ensure you receive the tax credit you’re entitled to. For more information and assistance, click http://getmytaxcredit.biz/
Claim your SETC today and let Anchor Wealth help you give your business the boost it needs to recover and thrive in the post-pandemic economy.
