Understanding SETC Limitations and RestrictionsDespite the significant benefits of the SETC Tax Credit, it is crucial to understand its limitations and restrictions.For instance, claiming the SETC may increase your adjusted gross income, possibly influencing your eligibility for other deductions and tax credits.However, the SETC is not treated as taxable income, ensuring no additional tax liability will arise from the credit itself.Nonetheless, there are some restrictions to keep in mind.You cannot claim the full SETC amount if you were paid wages for sick or family leave by an employer, or unemployment benefits during 2020 or 2021.Also, 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.