Navigating SETC Limitations and RestrictionsUnderstanding the limitations and restrictions of the SETC Tax Credit is vital, even with its substantial advantages.As an illustration, claiming the SETC may increase your adjusted gross income, possibly influencing your eligibility for other deductions and tax credits.On the bright side, the SETC Tax Credit does not count as taxable income, so no extra tax liability will be generated by the credit.That said, there are some restrictions to consider.You cannot claim the full SETC amount if you have received wages for sick or family leave from an employer, or unemployment benefits during 2020 or 2021.Moreover, if you missed filing your initial tax return and now wish to claim or amend SETC credits, you can do so by filing an amended return within the specified deadlines set for the 2020 and 2021 tax returns.