Managing SETC Tax Credit Limitations and RestrictionsDespite the significant benefits of the SETC Tax Credit, it is crucial to understand its limitations and restrictions.As an illustration, claiming the SETC may increase your adjusted gross income, which could impact your eligibility for other tax credits and deductions.On the bright side, the SETC Tax Credit does not count as taxable income, so no extra tax liability will be generated by the credit.However, there are some restrictions to consider.The full SETC amount cannot be claimed if you have received wages for sick or family leave from an employer, or unemployment benefits in 2020 or 2021.Moreover, if you did not file your initial tax return but want to claim or adjust SETC credits, you can do so by filing an amended return within the prescribed deadlines for the 2020 and 2021 tax returns.