Understanding SETC Limitations and RestrictionsUnderstanding the limitations and restrictions of the SETC Tax Credit is vital, even with its substantial advantages.As an illustration, claiming the SETC may increase your adjusted gross income, potentially affecting 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.Nonetheless, there are some restrictions to keep in mind.The full SETC amount cannot be claimed if you have received wages for sick or family leave from an employer, or unemployment benefits during 2020 or 2021.Also, if you missed the initial tax return filing but wish to claim or adjust SETC credits, you can do so by submitting an amended return within the deadlines specified for the 2020 and 2021 tax returns.