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 Tax Credit can increase your adjusted gross income, which could impact your eligibility for other tax credits and deductions.On the bright side, the SETC is not treated as taxable income, ensuring no additional tax liability will arise from the credit itself.However, there are some restrictions you should be aware of.The entire SETC amount is not claimable if you were paid wages for sick or family leave by an employer, or unemployment benefits in 2020 or 2021.Also, 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.