As an expert in self-employment, managing taxes can be complex. Our Self Employment Tax Credit tool facilitates the process by seeking eligible credits that reduce your tax liability and keep more of your hard-earned money in your pocket. A great chance for self-employed people, independent contractors, freelancers, and gig workers affected by the COVID-19 epidemic is the Self Employment Tax Credit (SETC). When the Families First Coronavirus Response Act (FFCRA) took effect, this credit was added to help those who lost their jobs as a result of COVID-related conditions. Eligible people can get a credit of up to $32,220. This scheme is offered for the duration from April 2020 to March 2021, allowing you to get back lost earnings during that time. You may be eligible if your income has decreased or if something connected to COVID has happened. Crucially, funding is unlimited since the SETC is a refundable tax credit rather than a loan, so you are not required to pay it back. Our staff at Rayna Consultancy LLC will help you through the SETC claim procedure and make sure you get the money you are due. Today, allow us to support you in improving your financial security!