Calculating the SETC Tax Credit RefundOnce you've established that you qualify for the SETC Tax Credit, the next step involves calculating your possible refund amount. You can learn how below. https://rentry.co/62q9n9qf is determined by your average daily self-employment income and the total workdays you missed because of COVID-19 impacts.For instance, the sick leave credit amount is equal to the lower of $511 USD or all of your average daily income from self-employment for a set number of days where you couldn’t work because of reasons like quarantine or having COVID-19 signs.On the other hand, the qualified paid family leave equivalent amount is the lesser of $200 USD or two-thirds of your average daily self-employment income. This applies for days when you were unable to work due to COVID-19 related reasons.Moreover, if both you and your spouse are both self-employed, you can both claim a maximum SETC Tax Credit limit, as long as you do not share the qualifying COVID days.To determine your SETC Tax Credit, you would utilize IRS Form 7202, which takes into account eligibility based on self-employment status and COVID-related interruptions, as well as the family leave credit.