Getting tons of info sent to me about the Self Employment Tax Credit, and how I can claim monies for 2021...and the deadline is soon. Was this done when I filed with TT?

One of these sites tells me I will get back $16k but charge me 20%.
Can I do this through TurboTax myself? Help!

789

Level 15

Apr 9, 2024 5:19:59 PM

See this IRS info

https://www.irs.gov/newsroom/dirty-dozen-beware-of-aggressive-promoters-who-dupe-taxpayers-into-making-questionable-employee-retention-credit-claims-risks-continue-for-small-businesses-special-withdrawal-program-remains-available

New Member

Apr 9, 2024 5:34:06 PM

I appreciate the info but that is for the ERC. I was asking about the SETC.
thanks

Expert Alumni

Apr 15, 2024 3:35:08 PM

There is no credit called the Self-Employment Tax Credit. You might want to clarify with the service the name of the credit.

But as ee-ea pointed out, if it is ERC, I would be very careful choosing the provider of the service. Lots of people are going to have to repay the credit because of incorrect claim.

Here is some information on the self-employment credits that were available for tax year 2021.

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Getting tons of info sent to me about the Self Employment Tax Credit, and how I can claim monies for 2021...and the deadline is soon. Was this done when I filed with TT?