Calculating the SETC Tax Credit RefundAfter determining your eligibility for the SETC Tax Credit, the subsequent step is to calculate your potential credit amount. You can find out how in the following details. https://officialsetcrefund.com/ is determined 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 is equal to the lower of $511 USD or 100% of your average daily self-employment income for a set number of days when you couldn’t work because of reasons like being quarantined or experiencing COVID-19 signs.On the other hand, the family leave credit amount is the lesser of $200 or two-thirds of your average daily self-employment income. This applies 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 up to a specified 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 based on self-employment status and COVID-related disruptions, as well as the family leave credit.