Calculating the SETC Tax Credit RefundOnce you've established that you qualify for the SETC Tax Credit, the subsequent step is to calculate your possible refund amount. You can find out how in the following details. https://officialsetcrefund.com/learn/setc-tax-credit-legitimacy-who-qualifies-how-to-apply-irs-information/ is influenced by your average daily self-employment income and the total workdays you missed due to COVID-19 effects.For instance, the qualified sick leave equivalent amount equates to the lesser of $511 USD or all of your average daily self-employment income for a set number of days where you were unable to work due to reasons like being quarantined or having COVID-19 signs.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 circumstances.Moreover, if both you and your spouse are self-employed, you can both claim a maximum SETC Tax Credit limit, provided you don't share the qualifying days related to COVID.To determine your SETC Tax Credit, you would utilize IRS Form 7202, which factors in eligibility based on self-employment status and COVID-related interruptions, as well as the family leave tax credit.