Calculating Your SETC Tax Credit Refund AmountOnce you've established that you qualify for the SETC Tax Credit, the subsequent step is to calculate your potential credit amount. You can learn how below. https://officialsetcrefund.com/learn/irs-warns-of-false-self-employment-tax-credit-setc-tax-credit/ is influenced by your average daily self-employment income and the number of workdays missed due to COVID-19 impacts.For instance, the sick leave credit amount equates to the lower of $511 or all of your average daily income from self-employment for a certain number of days where you were unable to work due to reasons like quarantine or having COVID-19 symptoms.On the other hand, the family leave credit amount is the lesser of $200 or two-thirds of your daily income from self-employment on average. This is applicable for the days in which you couldn’t perform services due to COVID-19 related reasons.Moreover, if you and your spouse are both self-employed, you can each claim up to a specified SETC Tax Credit limit, provided you don't share the qualifying COVID days.To determine your SETC Tax Credit, you would use IRS Form 7202, which takes into account eligibility based on self-employment status and COVID-related interruptions, as well as the family leave tax credit.