Calculating the SETC Tax Credit RefundOnce you've established that you qualify for the SETC Tax Credit, the subsequent step involves calculating your potential credit amount. You can find out how in the following details. https://officialsetcrefund.com/learn/what-is-the-ffrca/ is influenced by your daily self-employment income on average and the number of workdays missed because of COVID-19 effects.For instance, the sick leave credit amount is equal to the lower of $511 USD or all of your average daily self-employment income for a certain number of days where you couldn’t work due to reasons like being quarantined or experiencing COVID-19 symptoms.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 days when you were unable to work due to COVID-19 related circumstances.Moreover, if you and your spouse are both self-employed, you can each claim a maximum SETC Tax Credit limit, provided you do not share the qualifying COVID days.To determine your SETC Tax Credit, you would utilize IRS Form 7202, which takes into account eligibility based on self-employment status and COVID-related interruptions, as well as the family leave credit.