<p>If you owe back taxes, the IRS will first apply the credit to your outstanding balance. If your credit exceeds the amount you owe, you'll receive the difference as a refund.</p>

If you owe back taxes, the IRS will first apply the credit to your outstanding balance. If your credit exceeds the amount you owe, you'll receive the difference as a refund.

What happens if I owe back taxes?

What is the Family First Coronavirus Response Act (FFCRA)?

What is the CARES Act?

What is the Self-Employed Tax Credit (SETC)?

For which tax years can I claim the SETC?

How is the credit calculated?

What is the maximum SETC refund I can receive?

Is the credit taxable or a loan?

How do I receive my SETC credit?

Who is eligible for the SETC?

Can I use my 2020 income if it was higher than my 2021 income?

Am I eligible if I was both a W-2 employee and self-employed?

Can my spouse and I both receive the credit if we filed taxes jointly?

Can I count weekends as missed workdays?

What is the Application Process?

What documents do I need?

When is the deadline to apply for the SETC?

Does applying for the SETC credit affect my credit score?

Frequently Asked Questions