Understanding SETC Limitations and RestrictionsDespite the significant benefits of the SETC Tax Credit, it is crucial to understand its limitations and restrictions.For example, claiming the SETC Tax Credit can increase your adjusted gross income, which could impact your eligibility for other tax credits and deductions.The good news is, the SETC is not treated as taxable income, which means no additional tax liability will result from the credit itself.Nonetheless, there are some restrictions to keep in mind.The entire SETC amount is not claimable if you received wages for sick or family leave from your employer, or unemployment benefits during 2020 or 2021.Also, if you missed filing your initial tax return and now wish to claim or amend SETC credits, you can do so by filing an amended return within the prescribed deadlines for the 2020 and 2021 tax returns.