FFCRA Tax Credits: SETC Application Tool For Independent Contractors Announced

HeyDay Marketing HQ has announced a SETC qualification tool for independent contractors affected by loss of income during COVID-19-related quarantine.

HeyDay Marketing HQ has recently 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 income losses during the pandemic.

For more information, please visit https://go.heydaynola.com/setc3

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, 1099 earners can find out how much they are due in tax credits to subsidize 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.

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, independent contractors can 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.

1099 contractors can also claim FFCRA tax credits if they took unpaid sick leave to care for a family member or had to stay at home to provide childcare due to a government-issued quarantine restriction.

The team behind the platform has partnered with a trusted account firm to support individuals 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.

HeyDay Marketing HQ points out the difference between self-employed tax credits and loans, explaining that the FFCRA is a refund of taxes that have already been paid.

Interested parties can find more information by visiting https://go.heydaynola.com/setc3

Contact Info:
Name: Juana Dillon
Email: Send Email
Organization: HeyDay Marketing HQ
Address: 3157 Gentilly Blvd #2126, New Orleans, Louisiana 70122, United States
Phone: +1-504-517-5428
Website: https://heydaymarketinghq.com

Source: PressCable

Release ID: 89118207

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