What is this Tax Credit for self employed individuals?

The AMERICAN RESCUE PLAN ACT

Credits for Sick leave and family leave for certain self-employed individuals

Self-employed individuals, hospitality professionals, and gig workers who experienced work disruptions due to COVID-19 are eligible for a tax credit that puts money back in your pocket.

The credit is calculated based on the number of days you were unable to work, whether due to personal illness or caring for a dependent affected by the pandemic. The coverage period for this credit includes income lost between April 1, 2021, and September 30, 2021. However, time is running out to file claims for these losses, so eligible individuals should act quickly to receive this refund.

Click here to learn more about tax credits for paid leave under the American Rescue Plan Act.

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GET MONEY BACK WITH GIGBACK

Your Partner for COVID-19 RELATED TAX CREDITS

  • Eligibility

    Self-employed individuals, and gig workers who experienced disruptions in their work due to COVID-19 are eligible for this tax credit.

  • Compensation

    The tax credit is calculated based on the number of days you were unable to work due to COVID-19, including personal illness or caring for a dependent.

  • Coverage Period

    Time is running out to file for losses incurred in 2021! This period covers income lost between April 1, 2021, and September 30, 2021.

WHAT WE DO

At Gigback, we bring together the power of our diverse community to help you secure sick and family leave credits for self-employed individuals and the essential tools you need to thrive. You’re not alone in the gig economy—you're part of a dynamic team dedicated to making sure solopreneurs like you have access to top-notch services and resources.

Join us and unlock a world of benefits designed specifically for the self-employed!

STEP 1: FILL OUT THE CALCULATOR →

 

*The refund estimate provided is intended solely for informational purposes and should be considered a general estimate based on the information you have provided. This estimate does not guarantee or promise any specific refund amount, and it should not be relied upon as the actual amount you will receive. Various factors, including but not limited to changes in tax laws, back taxes owed or liens, additional information, or documentation, may affect the final refund amount.

*We disclaim any liability for any differences between the estimate provided and the actual refund amount received.

- Qwick, Inc. & GigBack

Our Simple Three Step Process

  • 1. Account Creation

    Create your account and easily easily upload your Photo ID. Next, sign our Service Agreement and securely verify your banking information.

  • 2. Qualifying

    As part of our exclusive partnership with the Qwick, there is no upfront fee! So you can get started for free!

  • 3. Filing

    Should you qualify, CPAs will prepare your amended Tax Returns, triple-check for accuracy, and send them to the IRS for processing.

    Sit back and relax, your refund is on it's way.

GigBack offers seamless access to a world-class team of accountants and cutting-edge technology through Paro AI. We are dedicated to providing the most efficient, time-effective, and secure process for servicing the hospitality community.

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Frequently Asked Questions

What is my SSN used for?

GigBack requires access to your Social Security number to retrieve your tax transcripts and complete the refiling of your new tax returns. This information is typically redacted from original copies. If applicable, we will also need the Social Security numbers of your spouse and dependents.

Who qualifies for these tax credits?

Approximately 30 to 50+ million people are eligible, including individuals in the following categories:

  • Single Member LLCs
  • Independent Contractors
  • Sole Proprietors
  • Agents
  • Gig Workers
  • Beauty Industry Professionals
  • Construction Trades
  • Realtors
  • Uber/Lyft Drivers

If you fall into any of these groups, you may qualify for assistance.

You do not need to have worked shifts through Qwick to qualify. Additionally, you are welcome to share this opportunity with other independent contractors in your life who might benefit.

What qualifies as a "Qualifying Event" for self-employed individuals who were unable to work?

If you are self-employed and unable to work due to any of the following, it may be considered a qualifying event:

  • You were diagnosed with COVID-19.
  • You had to care for a family member affected by COVID-19.
  • You were unable to go to work or telework due to COVID-19 restrictions.
  • Government shutdowns or mandates prevented you from working.
  • School or childcare closures impacted your ability to work.
  • You were required to quarantine.
  • You experienced symptoms related to COVID-19 that prevented you from working.

How Much Is The Processing Fee For Your Full Service, and When Do I Pay?

As a member of Qwick, you do NOT need to pay any fees upfront. You will only pay a 20% Service Fee + $49 Tax Filing Fee once the credit has been successfully deposited into your account.

Are There Any Deadlines for Claiming these COVID-19 Tax Credits?

Yes. The deadline for your 2021 amended tax return is April 15, 2025. This deadline applies to the period between April 1, 2021, and September 30, 2021, which accounts for $17,110 of the SETC value.

To ensure timely processing, it is highly recommended to start the GigBack process at least six months prior to the deadline.

What Required Documents Should I Submit?

We only require a Government Issued ID to verify identity!

Accepted forms of ID include:

• Driver’s License

• State ID

• Passport

• Permanent Resident Card

When Will I Receive My Refund?

It can take up to three weeks for the IRS to acknowledge their acceptance of your SETC claim and up to 20 weeks for the IRS to process your SETC claim and issue your checks or direct deposit.

IRS is solely responsible for issuing refunds so we can not expedite or ensure any specific time frames.

Do I have to Repay the Funds I Receive from these credits? Are They Taxed?

These tax credits are not a loan or grant. The funds you receive from the credits are a refund against the taxes you have already paid or owe.

This refund is non-taxable.

These tax credits are intended to compensate you for the income you have lost due to COVID-19.