Calculating the SETC Tax Credit RefundAfter determining your eligibility for the SETC Tax Credit, the next step is to calculate your possible refund amount. You can find out how in the following details. https://officialsetcrefund.com/apply/ is determined by your average daily self-employment income and the number of workdays missed due to COVID-19 impacts.For instance, the qualified sick leave equivalent amount equates to the lower of $511 USD or 100% of your average daily income from self-employment for a certain number of days where you couldn’t work due to reasons like quarantine or having COVID-19 symptoms.On the other hand, the family leave credit amount is the lower of $200 USD or 67% of your daily income from self-employment on average. This applies for the days in which you couldn’t perform services due to COVID-19 related reasons.Moreover, if both you and your spouse are both self-employed, you can each claim a maximum SETC Tax Credit limit, as long as you don't share the qualifying days related to COVID.To determine your SETC Tax Credit, you would use IRS Form 7202, which factors in eligibility according to self-employment status and COVID-related disruptions, as well as the family leave tax credit.