By: Jay Feldman
Did you claim Self-Employed/1099 income and pay Self-Employment Taxes during the COVID-19 pandemic? If so, then the government may owe you money.
In my experience, few people know the Self-Employed Tax Credit (SETC),” says Molly Greene, Marketing Director of Freedom Group, which provides essential financial, insurance, and marketing services for small businesses. “It’s unfortunate because individuals may be eligible for a significant amount through it.
The deadline to apply for the SETC is April 18, 2025, so time is limited. Here’s some vital information to help guide you through the process.
The SETC Is a Once-In-A-Lifetime Opportunity for Self-Employed Professionals
“If you’re thinking the SETC sounds too good to be true, then rest assured it’s not,” Greene says. “The government has set aside significant funding to help support self-employed professionals. Like the Employee Retention Credits (ERC) for small businesses with W2 employees, these are real tax credits — not a loan. You don’t have to pay the money back, and it’s completely tax-free. The SETC is a once-in-a-lifetime opportunity.”
The IRS explains this tax credit itself on its official website. However, making sense of this complicated language may be time-consuming and frustrating for many small business owners. It can also take their focus away from running their business.
“The government hasn’t provided many resources that clearly explain the program’s eligibility and application process,” Greene says. Indeed, professional CPAs commonly need time to figure out this tax credit.
Freedom Group’s Fast, Efficient Way to Apply for the SETC
“The SETC is a highly specialized tax program with specific submission criteria and a unique process,” Greene explains. “Since most CPAs need time to understand the program and file a claim on behalf of a client, they will bill the client for the hours it takes them to master the system. In my experience, most CPA’s hourly fees mean that it becomes an expensive process.”
That’s why Freedom Group partnered with GigWorker Solutions to create a fast, efficient online portal where self-employed individuals can check their eligibility and claim the tax credit to which they are entitled.
“The process has been automated and designed to be as quick and easy as possible,” Greene says. “Our tool tells people if they qualify in only 10 minutes.”
CPAs often recommend that their clients use Freedom Group and GigWorker Solutions’ fast, efficient process to secure the tax refund they deserve rather than reinvent the proverbial wheel.
“We’ve partnered with thousands of CPAs who agree that it makes more sense to use our free analysis software,” Greene says. “They counsel their clients to move forward with us because we are an existing organization that routinely and successfully files for this tax credit in large quantities.”
Another advantage of using Freedom Group and GigWorkers Solutions’ tools is that applicants may receive their refund in as little as three days, compared to the many months it would take to go through a CPA or other filing methods.
Setc Funds Could Make a Significant Difference
“I love helping small business owners discover untapped tax credits like the SETC because so many don’t know about them or simply don’t have the time to do the necessary research themselves,” Greene says. “What’s even more rewarding is helping small businesses and individuals get money back that they can use however they want — it’s tax-free and entirely theirs.”
Imagine what you could do with additional revenue that came without any strings attached. Maybe you’d take that vacation you’ve been thinking about, pay off lingering debts, upgrade equipment, or explore new opportunities in a different market.
In Greene’s experience, securing these SETC funds can be a game changer of the best kind. “Seeing the positive impact this has on people’s lives and businesses is incredibly fulfilling,” she says.
Act Now to Get the Money You Deserve!
Do you qualify for the SETC? Visit Freedom Group and GigWorker Solutions’ portal without delay. If you don’t act now, you could forfeit the funds you deserve.
“This is the FINAL tax refund relief program from COVID-19,” Greene explains. “It’s your money, but only if you claim it. And if you don’t claim it by April 18, 2025, then there will be no way to get it anymore. The government will keep it.”
If you are unsure whether you qualify for the SETC or have any questions about applying, email SETC@joinfreedom.com today.
Disclaimer: This article is for informational purposes only and does not constitute legal or tax advice. Eligibility for the Self-Employed Tax Credit (SETC) is subject to specific IRS guidelines and individual circumstances. The information provided is based on available data at the time of writing and may be subject to change. Readers are encouraged to consult a qualified tax professional or CPA to confirm eligibility and for assistance with the application process. Freedom Group and GigWorker Solutions are not responsible for any errors or omissions in the information provided. Apply before the April 18, 2025 deadline to ensure eligibility for the SETC.
Published by Anne C.
