The self-employed tax credits provide tax savings for individuals who could not work due to COVID-19. These credits offset any tax liability created from self-employment income in the taxable year.
This is a fully refundable tax credit, which means $$$ directly from the IRS in the form of a check.
ERC is a stimulus program designed to help and reward those businesses with payroll (W-2) employees that were willing. All businesses were affected by COVID restrictions and do qualify for Employee Retention Credit. It is important to find out how much you qualify for.