What is the SETC Tax Credit?
 
 The SETC, short for "Self-Employed Tax Credit", is a unique tax credit created to offer financial relief to self-employed workers who were negatively affected by the COVID-19 pandemic. This credit was brought in as part of the Families First Coronavirus Response Act (FFCRA) to support sole proprietors, independent contractors, gig workers, and other self-employed professionals experiencing economic challenges due to the pandemic.
 
   https://squareblogs.net/parkbow8/setc-tax-credit-origin  of the key features of the SETC tax credit is that it is a refundable credit, not a loan.  https://lin-svensson.mdwrite.net/how-to-calculate-the-setc-tax-credit-1726169117  means that qualified self-employed individuals can obtain the credit as a refund, even if they have no tax liability. The credit essentially reduces their tax burden on a dollar-for-dollar basis, possibly leading to a significant increase in their tax refund.
 
   https://hopesail4.werite.net/who-is-eligible-for-the-setc-tax-credit  aims to provide self-employed people financial support similar to the paid sick and family leave benefits typically offered to employees. By offering this credit, the government acknowledges the unique challenges faced by the self-employed sector during the pandemic and seeks to mitigate income disruptions and promote greater financial stability for these professionals.