Calculating Your SETC Tax Credit Refund AmountOnce you've established that you qualify for the SETC Tax Credit, the next step is to calculate your potential credit amount. You can learn how below. https://officialsetcrefund.com/learn/is-the-setc-tax-credit-legit/ is influenced by your average daily self-employment income and the number of workdays missed due to COVID-19 impacts.For instance, the sick leave credit amount equates to the lesser of $511 USD or all of your average daily income from self-employment for a set number of days when you couldn’t work because of reasons like being quarantined or experiencing COVID-19 symptoms.On the other hand, the qualified paid family leave equivalent amount is the lesser of $200 or 67% of your average daily self-employment income. This applies for the days in which you were unable to work because of COVID-19 related reasons.Moreover, if both you and your spouse are self-employed, you can each claim up to a specified SETC Tax Credit limit, provided you don't share the qualifying COVID days.To calculate your SETC Tax Credit, you would utilize IRS Form 7202, which factors in eligibility according to self-employment status and COVID-related interruptions, as well as the family leave tax credit.