Managing SETC Tax Credit Limitations and RestrictionsIt’s essential to comprehend the limitations and restrictions of the SETC Tax Credit, despite its considerable benefits.For instance, claiming the SETC Tax Credit can increase your adjusted gross income, which could impact your eligibility for other tax credits and deductions.On the bright side, the SETC is not treated as taxable income, so no extra tax liability will be generated by the credit.However, there are some restrictions to keep in mind.The full SETC amount cannot be claimed if you were paid wages for sick or family leave by an employer, or unemployment benefits throughout 2020 or 2021.Additionally, if you did not file your initial tax return but want to claim or adjust SETC credits, you can do so by filing an amended return within the specified deadlines set for the 2020 and 2021 tax returns.