Calculating Your SETC Tax Credit Refund AmountAfter determining your eligibility for the SETC Tax Credit, the subsequent step involves calculating your potential credit amount. You can find out how in the following details. https://officialsetcrefund.com/learn/qualify-for-self-employed-tax-credit/ is influenced by your daily self-employment income on average and the number of workdays missed due to COVID-19 effects.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 certain number of days where you were unable to work due to reasons like quarantine or experiencing COVID-19 symptoms.On the other hand, the family leave credit amount is the lower of $200 or two-thirds of your average daily self-employment income. This is applicable for the days in which you couldn’t perform services because of COVID-19 related circumstances.Moreover, if you and your spouse are both self-employed, you can both claim a maximum SETC Tax Credit limit, as long as you don't share the qualifying COVID days.To determine your SETC Tax Credit, you would use IRS Form 7202, which takes into account eligibility according to self-employment status and COVID-related disruptions, as well as the family leave credit.