Kewal Krishan & Co, Accountants | Tax Advisors

Self-Employed Tax Credit

Maximize Your Tax Savings

Reduce Your Tax Burden & Claim Your Refund
about op

Exclusive Tax Relief for Freelancers, Contractors, and Gig Workers

The Self-Employed Tax Credit (SETC) was introduced to provide financial relief to self-employed individuals, freelancers, independent contractors, and gig workers who were impacted by the COVID-19 pandemic. This credit allows eligible individuals to claim tax refunds for lost workdays due to illness, quarantine, or caregiving responsibilities.

Many self-employed taxpayers miss out on this credit simply because they are unaware of their eligibility or do not know how to claim it. At Kewal Krishan & Co, we help self-employed professionals calculate their maximum refund, prepare IRS documentation, and ensure compliance, so they receive the full tax benefits available to them.

Core Services

SETC Eligibility Assessment

  • Determine whether your self-employment income qualifies under IRS guidelines.
  • Review lost workdays due to illness, quarantine, or family care to calculate benefits.

Credit Calculation & Documentation

  • Compute qualified sick leave and family leave credits based on IRS formulas.

  • Ensure all expenses and lost income are accurately documented for IRS compliance.

IRS Form 7202 Preparation & Filing

  • Prepare and file IRS Form 7202 to claim the Self-Employed Tax Credit.

  • Assist in amending prior tax returns if you missed claiming this credit in past years.

Maximizing Additional Deductions

  • Identify other self-employed tax deductions, such as home office, health insurance, and business expenses.
  • Develop a comprehensive tax strategy to optimize future tax savings.

IRS Audit Protection & Compliance Support

  • Provide IRS-compliant documentation to support your credit claim.
  • Assist in responding to IRS inquiries or audit requests related to SETC.

Multi-Year Credit Claim Assistance

  • Help self-employed taxpayers retroactively claim SETC for missed tax years.
  • Ensure maximum refunds by identifying all eligible tax credits you may qualify for.
Have questions?

We're here to help!

Fill out the form below, and our team will respond in less than 24 hours.

  • Get personalized support for tax and financial solutions.
  • Speak with experienced professionals.
  • Fast response within 24 hours.

Contact

    Book a free tax consultation

    Download Profile


    Enter your email address to download our firm profile now.
    We value your privacy and promise to keep your information secure.
    [sibwp_form id=1]

    This will close in 0 seconds

    File your tax returns with us NOW!


      This will close in 0 seconds