What is  https://olderworkers.com.au/author/danielwgy281ahresearch1-info/  ?
 
 The SETC, which stands for "Self-Employed Tax Credit", is a specific tax credit intended to give 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 facing economic challenges due to the pandemic.
 
 One of the key features of the SETC tax credit is that it is a refundable credit, not a loan. This means that entitled self-employed individuals can get the credit as a refund, even if they have no tax liability. The credit significantly reduces their tax burden on a dollar-for-dollar basis, potentially leading to a significant increase in their tax refund.
 
 The SETC tax credit aims to provide self-employed workers financial support like the paid sick and family leave benefits typically offered to employees. By offering this credit, the government understands the unique challenges faced by the self-employed sector during the pandemic and aims to mitigate income disruptions and promote greater financial stability for these professionals.