Essential COVID-19 Tax Credits for Self-Employed Professionals: Act Now!
In these unprecedented times, self-employed professionals have faced unique challenges. Understanding and accessing financial relief can make all the difference. If you're a freelancer, consultant, independent contractor, or anyone paid via 1099 forms, you're considered self-employed. The Families First Coronavirus Response Act (FFCRA), along with subsequent amendments, offers crucial tax credits that you might be eligible for.
Who Qualifies as Self-Employed?
You're recognized as self-employed if you conduct your own business or trade and report your income through 1099 forms, rather than receiving a traditional W-2 from an employer. This includes freelancers, independent contractors, and gig economy workers among others.
Understanding Your Eligibility for FFCRA Tax Credits
As a self-employed individual, the FFCRA provides you with a financial safety net if COVID-19 has impacted your ability to work. Whether you were unable to work due to quarantine, caring for a family member, or had to halt operations due to childcare closures, you could qualify for these refundable tax credits.
You MUST have a positive net income!
How Can RCC Help?
At RCC, we understand the intricacies of these tax credits and the urgency to claim them. The deadline for applying is April 15, and with today being April 9, time is of the essence. Here’s how we can assist:
If you've filed your 2020 and 2021 taxes with RCC: Simply call us at 678-565-1073. We'll help determine your eligibility for the tax credits promptly.
If you haven’t filed with RCC: No problem! Email us a copy of your tax returns to info@myrccagency.com. We'll review your situation and guide you on how to claim your tax credits.
Why Act Now?
The deadline to claim these tax credits is fast approaching. These credits are designed to offer financial relief during challenging times and can significantly impact your financial well-being.
Don’t navigate this process alone. RCC is here to ensure that self-employed professionals like you get the support you deserve. Whether you’ve worked with us before or are reaching out for the first time, we’re ready to help.
Ready to secure your tax credits? Time is running out, so don't wait. Contact RCC now at 678-565-1073 or email info@myrccagency.com to find out if you qualify. Let’s ensure you don’t miss out on this opportunity for financial relief. Act now—your financial health may depend on it!