Commonly known as the Self-Employed Tax Credit (SETC), the Families First Coronavirus Response Act (FFCRA) introduced a specialized tax credit designed to provide support to self-employed individuals affected by the COVID-19 pandemic. Whether you battled COVID, experienced COVID-like symptoms, needed to quarantine, underwent testing, or cared for a family member affected by the virus, the SETC could be your financial relief. If you were self-employed in 2020 and/or 2021, you could potentially qualify for the SETC. This includes sole proprietors who run businesses with employees, 1099 subcontractors, and single-member LLCs. Eligible individuals can claim up to a total of $32,220 in tax credits for the combined years 2020/2021. The deadline for your 2020 amended tax return is April 15, 2024. This deadline applies to the period between April 1, 2020, and March 31, 2021, and accounts for $15,110 of the SETC value. The deadline for your 2021 amended tax return is April 15, 2025. This deadline applies to the period between April 1, 2021, and September 30, 2021, and accounts for $17,110 of the SETC value.