Wolfe CPA & Advisors is a Certified Public Accounting Firm specializing in Business Tax Credit Recovery. Self-Employed Tax Credit (SETC) for self-employed individuals, contractors, and partners.Two valuable refundable income tax credits available to self-employed taxpayers may have been missed in 2020 and 2021.Eligible self-employed individuals are allowed an income tax credit to offset their federal self-employment tax for any taxable year equal to their "qualified sick leave equivalent amount" or "qualified family leave equivalent amount."These are valuable credits because they are refundable for up to $5,110 for qualified sick leave wages and up to $10,000 or $12,000 for qualified family leave wages (or, in either case, net self-employment earnings). Expiration of the general statute of limitation for amending timely filed 2020 returns, April 15, 2024, is fast approaching.ERC - is a refundable tax credit for certain eligible businesses.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-creditcpawolfe.com/consultation