Categories: NewsTax Returns

Unlock Tax Credits for Self-Employed Individuals: Amend Returns for up to $32,220

Attention self-employed individuals and small business owners! If you haven’t yet claimed your sick and family leave tax credits, it’s time to take action. By filing amended 2021 and 2020 tax returns, you could potentially unlock up to $32,220 in tax credits.

The eligibility criteria for these credits are crucial. If you experienced any of the following circumstances between April 1, 2021, and September 30, 2021, you may qualify:

  1. Subject to a federal, state, or local quarantine or isolation order related to COVID-19.
  2. Advised by a healthcare provider to self-quarantine due to concerns related to COVID-19.
  3. Experiencing symptoms of COVID-19 and seeking a medical diagnosis.
  4. Seeking or awaiting the results of a COVID-19 diagnostic test or medical diagnosis.
  5. Exposed to COVID-19 or awaiting test results.
  6. Obtaining immunization related to COVID-19.
  7. Recovering from any injury, disability, illness, or condition related to COVID-19 immunization.
  8. Caring for an individual under quarantine or isolation orders.
  9. Caring for an individual advised to self-quarantine by a healthcare provider.
  10. Caring for a child due to school or childcare closures related to COVID-19.
  11. Accompanying someone to receive a COVID-19 immunization.
  12. Caring for an individual recovering from COVID-19 immunization-related conditions.

If any of these situations apply to you, you are eligible for tax credits. These credits could amount to a substantial $32,220, solely for you.

Don’t leave money on the table. Take advantage of these tax credits by filing amended returns as soon as possible. Consult with a tax professional if you need assistance navigating the process. It’s your right to claim what you’re owed, especially during these challenging times.

Disclaimer: This is not legal advice, consult an attorney for legal advice or contact us.

For immediate help call (888) 515-4829 and we’ll assist you. You can also fill out the form below.

Nema

Recent Posts

Ongoing Impact: Americans Still Feel the Trump-Biden Tariffs

If re-elected, President Trump would intensify the trade war he initiated during his first term, proposing new 10 percent baseline… Read More

3 hours ago

Refining Approaches to Base Erosion and Anti-Abuse Measures

Understanding Base Erosion: The Challenge of Profit Shifting Base erosion refers to the phenomenon wherein multinational enterprises (MNEs) exploit cross-border… Read More

5 days ago

Navigating the World of Overseas Trusts

This article endeavors to provide an exhaustive exploration into the intricacies of foreign trusts, aiming to offer clarity for trustees,… Read More

4 weeks ago

Tax-Free Meals and Lodging for Employees: What You Need to Know

Understanding the ins and outs of providing free meals and/or lodging to your employees can be a bit daunting, but… Read More

4 weeks ago

Are Recent State Tax Cuts Financially Feasible?

As state tax revenues taper off from their peak levels, there's a growing debate over the financial viability of the… Read More

1 month ago

Important Sales Tax Developments in the Southeastern United States

Imagine a dynamic sales tax environment across the United States, where navigating sales tax regulations feels like solving a puzzle,… Read More

1 month ago
Click to schedule a consultation now!