FFCRA
Did COVID impact your past income? Explore if FFCRA tax credits apply to you.
The Families First Coronavirus Response Act (FFCRA) was passed in March 2020 as a way to provide financial support during the COVID-19 pandemic. One of its goals was helping businesses offer paid leave to employees who couldn’t work due to COVID-related reasons (illness, caregiving, etc.).
Later in December 2020, the CARES Act expanded FFCRA benefits. This meant tax credits became available to freelancers, gig workers, and the self-employed who had lost income during the pandemic.
Important Note: While the FFCRA’s paid leave requirements expired, these tax credits may still be applicable if you experienced COVID-related loss of income in past years.
Eligibility
To see if you qualify for tax credits, visit the IRS website or consult a tax professional.
Reasons for Credits
These credits might cover loss of income due to your own COVID illness, the need to care for dependents, or school/daycare closures related to the pandemic.
To learn if you qualify and how to claim these credits,
to speak to a tax professional or visit the IRS website
Understanding FFCRA Tax Credit Eligibility
Do you qualify for tax relief related to COVID-19 income disruptions? Here's a breakdown:
You might be eligible if you.
Work for Yourself:
This includes freelancers, gig workers, sole proprietors, e-commerce sellers, rideshare drivers, and independent contractors (who receive 1099 forms).
Reported Self-Employment Income:
You filed Schedule SE in 2020 and/or 2021 and paid self-employment taxes..
Lost Work Due to COVID:
This includes freelancers, gig workers, sole proprietors, e-commerce sellers, rideshare drivers, and independent contractors (who receive 1099 forms).
What this means:
- The FFCRA credit is not universal – it’s specifically for self-employed individuals impacted by COVID-19.
- Even if you qualify, the specific credit amount depends on your circumstances.
