What is SETC?

The SETC is a tax credit to help self-employed people struggling financially because of COVID-19. It was introduced under the Families First Coronavirus Response Act (FFCRA) and later expanded under the American Rescue Plan Act (ARPA) (see the official IRS article and the IRS tax code).

It is NOT a loan and is not taxed.

FFCRA Act to include self-employed persons for the first time (Sections 7002(a) and 7004(a) of Public Law No. 116-127).

$50B approved for SETC — It’s first come first serve.

Your money that is set aside from the Government. Take it or leave it! Up to you!

The SETC qualifications

1.No COVID test required. You qualify if you have self employed earnings during 2020 & 2021 and work as:

Titles: Sole Proprietor, 1099 Worker, Consultant, Single Member LLC Owner, Gig Worker, Freelancer, Solo Preneur, Entrepreneur

For example: Insurance Agents & Brokers, Mortgage Broker, Real Estate Agent, Financial Advisor, Investment Consultant, Investment Advisors, Consultant, Independent Contractor, Fitness Instructor, Personal Trainer, Health and Wellness Coach, Truck Drivers, Rideshare Driver, Uber/Lyft Drivers, Taxi Driver, Product Delivery, Food Delivery, Couriers & Messengers, Auto Body & Repair, Auto Maintenance, Car Washes, Bank Runners, Mail Clerk, Window Repair, Light Repair

2.Did you miss work due to:

QUARANTINE:

— Federal, state, or local lockdown orders related to COVID-19

— Quarantining or isolation order related to COVID-19

CHILDCARE (18 OR YOUNGER IN 2021)

— Caring for your child whose school had closed or gone virtual (Remote Learning)

— Caring for your child because your child care provider was unavailable due to COVID-19

ILLNESS

— Symptoms of COVID-19 or seeking a medical diagnosis

— Sickness due to vaccination side effects

— Caring for someone with COVID symptoms

VACCINATION

— A COVID-19 vaccination appointment

— Side effects due to vaccination

Why choose Gigworker Solutions?

1. We are 8x faster. (with our partnership, you'll receive your refund in 15-20 days to your bank account.)

2. We are cheaper. (You don't pay anything upfront. We only get paid after you get your tax refunds.)

3. We are safer. (Gig Worker Solutions provides Audit Protection for 5 Years following the filing, which is the statute of limitations per IRS guidelines.)

How the application works?

Frequently Asked Questions

It usually takes between 18-22 weeks to process the credit. Gig Worker Solutions has an Advance Option where you can get your money within 15-20 days. No credit score needed, no monthly fees, no extra hassle.

2. Who is considered self-employed?

3. Is SETC a loan or a grant?

5. How much does Gig Worker Solutions charge?

4. How much can I expect to get from the SETC?

You are considered self-employed if you’re a: Sole proprietor, 1099 subcontractor, single-member LLC, freelancer, independent contractor, gig worker etc.

1. How Long Does it Take to Get the SETC Tax Credit?

The SETC is not a loan or a grant, it’s a tax refund. You don’t pay it back and you don’t pay taxes on it.

We see an average funding of around $17k out of the maximum $32,220. This amount really depends on your income level as well as how many days the pandemic impacted your work. People with dependents also get more on average.

Gig Worker Solutions charge nothing up-front, just 20% AFTER you’ve recieved your check.

Still got questions?