If you are self-employed or operate a small corporation, it’s likely that you have not applied for your sick and family leave tax credits.
If that’s the case, we will need you to get your act together so we can file amended 2021 and 2020 tax returns now. You could find up to $32,220 in tax credits.
To see if you qualify for the credits, ask yourself if you were unable to work or perform services from April 1, 2021, through September 30, 2021, on any day, for one or more of the following reasons:
- You were subject to a federal, state, or local quarantine or isolation order related to COVID-19.
- You were advised by a healthcare provider to self-quarantine due to concerns related to COVID-19.
- You were experiencing symptoms of COVID-19 and seeking a medical diagnosis of COVID-19.
- You were seeking or awaiting the results of a diagnostic test for, or a medical diagnosis of, COVID-19.
- You were exposed to COVID-19 or were unable to work pending the results of a test or diagnosis.
- You were obtaining immunization related to COVID-19.
- You were recovering from any injury, disability, illness, or condition related to such immunization.
- You were caring for an individual who was subject to a federal, state, or local quarantine or isolation order related to COVID-19.
- You were caring for an individual who had been advised by a healthcare provider to self-quarantine due to concerns related to COVID-19.
- You were caring for your son or daughter because the school or place of care for that child was closed, or because the childcare provider for that child was unavailable, due to COVID-19 precautions.
- You were accompanying an individual to obtain immunization related to COVID-19.
- You were caring for an individual who was recovering from any injury, disability, illness, or condition related to the immunization.
If you answered yes to any of these 12 questions, you qualify for tax credits and depending on the number of qualifying days and your income, such credits could total $32,220 just for you. There’s much to this.