Financial relief may be available to you!

If you had to miss work due to COVID-19 in 2021, you might qualify to receive up to $17,110 through the Self-Employed Tax Credit (SETC), a federal government program. Click below to get started on an application through our trusted partners, Horizon Funding and Quantifi Tax.

ACT FAST! Your filing deadline is three years after you filed your 2021 taxes. You can no longer apply for this credit based on your 2020 tax filings.

For example: If you filed your 2021 taxes on February 20, 2022, your deadline is February 20, 2025.

Drivers are encouraged to watch this presentation by our partners to learn more about the SETC and how to complete the intake form.

How to Apply

The IDG has partnered with Horizon Funding and Quantifi Tax, so drivers can receive discounted one-on-one assistance with the SETC application process.

Horizon Funding and Quantifi Tax are offering drivers competitive, discounted rates to help with preparing and submitting their SETC application. While there is no cost to apply for this tax credit directly with the IRS, you may prefer to enlist the assistance of a tax professional. Please note that other groups charge up to $400 for assistance and take up to 20% of the tax credit after it has been processed.

What to Know About the Self Employed Tax Credit

The Self Employed Tax Credit is a federal government program designed to help alleviate the financial burden on qualified self-employed individuals who had to miss work due to qualifying COVID-19 circumstances.

• If you had to take qualifying sick or family leave between January 1, 2021 and September 30, 2021 due to COVID-19, you might qualify for a Self-Employed Tax Credit amount of up to $17,110, depending on your net income.
  
• Sick and family leave can include, but is not limited to, needing to take time off work due to:
  • A COVID-19 diagnosis
  • COVID-19 vaccine recovery
  • Caring for a family member sick with COVID-19
  • A school or government shutdown
    
• SETC is a tax credit program. It is not a loan (does not need to be repaid) and is not taxable.
  

How much will it cost?

It’s free to find out if you qualify by completing our secure intake form. If found eligible, Horizon and Quantifi can help you complete the application process for a one-time, discounted $150 processing fee, along with 16% of the credit once you receive it.*

Through our partnership, you can fill out an intake form to see if you qualify. This part of the process is free. If you do not qualify or you do not choose to move forward with our partner, there is no obligation to pay. If you qualify and choose to move forward with our partner, you will receive discounted one-on-one assistance with the SETC application process.

*We have worked with Horizon Funding before to help drivers apply for PPP loans and are excited to work with them again for the SETC. If you choose to go through our partners, you will be pre-screened to see if you might qualify.

How to get started

1. To begin, please navigate to this intake form.
2. You will answer basic questions, such as how you were affected by COVID, and how many days you missed due to the pandemic. 
3. Allow up to 2 business days for processing. You will then be contacted by a Quantifi Tax representative to discuss your eligibility.
4. If you qualify, you will be asked to digitally sign an agreement, and pay the one-time $150 processing fee.
5. It will take Quantifi 3-5 business days to complete and submit your SETC application.
6. If approved, it may take up to 190 days from the day you submitted your application to receive a check.
7. You can then pay 16% of the amount received to Quantifi via credit card or ACH.

To complete the intake form, you will need to:

• Note any days you were not working due to COVID or COVID-related circumstances between January 1, 2021 and September 30, 2021.
• Pull your unemployment records in the same period to confirm any dates you were receiving unemployment benefits.
• Pull any W-2s for jobs worked outside of driving in 2021.
• Take a picture of your drivers license or another government-issued form of identification.

About the competitive rate

As always, there is no obligation to go through our partners. However, please note that this rate is competitive. Other groups typically charge higher rates – up to a $400 processing fee and 20% of credit received.

If you have questions about this service or your application:

The IDG team will be helping drivers relay their questions to the Horizon Funding and Quantifi’s team. Please email help@driversguild.org and you will receive a response within 2 Business days.

*Note: The SETC is not a loan (does not need to be repaid) and is not taxable.