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Self-Employed 1099 Tax Breaks: Sick & Family Paid Leave

The COVID-19 pandemic heavily impacted self-employed professionals and sole proprietorships. It’s not too late to claim up to $32,220 in tax credits for pandemic sick leave.

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Qualified Sick & Family Paid Leave Wage Credit

In order to help employees/individuals cope with the losses coming as a result of the pandemic, the government issued paid sick leave days that could be used for reasons related to COVID. To account for these missed days for self-employed individuals, the government started offering a credit for the amount of work days missed due to COVID complications, such as:

  • Being unable to work due to federal, state, or local shutdown orders
  • Needing to take care of family members with COVID, or
  • Being placed in quarantine as a result of COVID exposure.
For those who missed out on work due to any of these circumstances, this credit could offer muchneeded assistance.
Self-employed tax credit
1099 Tax Breaks 2

Maximize Your 1099 Returns With Qualified Sick & Family Paid Leave Wage Credits

Still available through 2024

If you or a loved one were self-employed and sick during the pandemic, you may be eligible to claim a significant tax break for the weeks you didn’t work. You can file for this credit through an amended tax return up to 3 years after the year you earned it, with a deadline of April 15, 2024, for 2020 credits and April 15, 2025, for 2021 credits. With the help of a professional team, it’s easy to find out if you’re eligible and apply.

See If You Qualify

The Qualified Sick & Family Paid Leave Wage Credits program was launched through the Families First Coronavirus Response Act (FFCRA). The total paid leave available is a result of two different government orders, the Families First Coronavirus Response Act (extended by the Consolidated Appropriations Act*), and the American Rescue Plan Act of 2021, taking into consideration the time period between 4/1/2020 and 9/30/2021, which add up to a maximum of 130 days of paid leave.

To qualify, you must be a self-employed individual or sole proprietor who missed work in 2020 or 2021 due to any of the following::

Quarantine Icon

Quarantine

Illness icon

Illness

Childcare Icon

Childcare

Vaccinations Icon

Vaccinations

Through FFCRA Qualified Sick & Family Paid Leave Wage Credits, you can gain up to 26 weeks of paid leave or $32,220 per individual. To be clear, this credit is not a loan. Eligible applicants will receive a check in the mail or direct deposit from the IRS corresponding to their credit amount.

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Get Professional Guidance to Claim the Credit You Deserve

LG Resources offers you a team of experienced, trusted professionals who specialize in self-employed COVID-19 tax credits. We can evaluate your claim, determine how much credit you are eligible for, and help you file as quickly as possible.

With LG Resources, it’s easy to find out if you’re eligible and apply for the credit. Our dedicated team will answer all your questions.

1099 Tax Breaks
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Find Out If You’re Eligible For a 1099 Tax Break

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“When I heard about the ERC program I reached out to my CPA. 30 minutes later he called and said I didn’t qualify. Out of curiosity, I had ERC Specialists see if I qualified. Turns out I received the ERC for 7 of my 9 employees. Highly recommended.”

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Find out how much you could save on taxes with LG Resources.

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