FFCRA Self-Employed Tax Credit Navigation Tool For 1099 Contractors Announced

HeyDay Marketing HQ has teamed up with a trusted tax credit navigation tool to help independent contractors gain access to self-employed tax credits for lost income during the pandemic.

New Orleans, United States - January 17, 2024 /PressCable/ —

The company has partnered with a CPA firm specializing in self-employed tax credit programs to raise awareness of the recent expansion of the Families First Coronavirus Response Act (FFCRA) to include independent contractors. This means that 1099 contractors are now eligible for tax credits as payback for the time they were out of work because of COVID-19-related reasons.

For more information, please visit https://go.heydaynola.com/setc3

Using the new online navigation tool, independent contractors can find out how much they are due in self-employed tax credits, up to a maximum of $32,000. Under FFCRA regulations, 1099 workers can claim tax credits for loss of income due to quarantine restrictions, COVID-19-related illness and vaccination appointments. Individuals are also eligible if they missed work due to family-related issues, such as caring for a sick family member or providing childcare due to government-issued school closures.

According to research from Bipartisan Policy Center, the take-up for self-employed tax credits has been underutilized since the pandemic due to low awareness. They point to the Small Business Administration’s (SBA) decision not to market the tax credit as a major contributing factor, with many individuals failing to realize that such relief funds are still available. HeyDay Marketing HQ aims to raise awareness of FFCRA tax credits for 1099 contractors so that more people take up this federal relief program.

Unlike other programs such as PPP, FFCRA tax credits do not have to be paid back as they are considered to be a refund of taxes that have already been paid. 1099 contractors can claim tax credits for any dates between April 1st, 2020 and March 31st, 2021 and up to ten days between April 1st, 2021 and September 30th, 2021.

By completing a straightforward online form, individuals can determine how much they are entitled to as well as receiving information about the IRS application process. The team behind the application tool handles all the associated paperwork, including the amendment of tax returns, to ensure a quick and easy process.

Interested parties can find out more information about the application process by visiting https://go.heydaynola.com/setc3

Contact Info:
Name: Juana Dillon
Email: Send Email
Organization: HeyDay Marketing HQ
Address: 3157 Gentilly Blvd #2126, New Orleans, Louisiana 70122, United States
Phone: +1-504-517-5428
Website: https://heydaymarketinghq.com

Source: PressCable

Release ID: 89118928

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