FOR IMMEDIATE RELEASE
COVID Relief: Self-Employed Workers Are Still Eligible for up to $32,200 in Tax Refunds
Los Angeles, January 30, 2024 (USANews.com) – The COVID-19 pandemic has had a significant impact on self-employed workers, causing financial hardships and loss of income. However, there is good news for these individuals as they are now eligible to collect up to $32,200 in tax refunds. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed by Congress in December 2020, has expanded the Family First Coronavirus Response Act (FFCRA) to include self-employed individuals, freelancers, independent contractors, and gig workers.
Under the CARES Act, self-employed workers can now benefit from “immediate refund” tax credits, providing much-needed relief for the time lost earning money due to the COVID-19 pandemic. This initiative aims to support and assist those who have been adversely affected by the ongoing crisis.
The CARES Act recognizes the vital role played by self-employed individuals in the economy and acknowledges the challenges they have faced during these unprecedented times. By extending the FFCRA to cover self-employed workers, the government is taking proactive steps to ensure their financial well-being and help them recover from the economic impact of the pandemic.
Self-employed workers can still claim tax credits of up to $32,200, providing a significant boost to their finances. This refund will help alleviate some of the financial burdens they have faced, allowing them to recover and rebuild their businesses.
The government’s commitment to supporting self-employed workers is commendable, and this initiative will undoubtedly provide much-needed relief to those who have been struggling to make ends meet. By providing tax refunds, the government is acknowledging the hardships faced by self-employed individuals and offering a lifeline to help them navigate through these challenging times. THE PROBLEM: Most self employed people have never heard of the program and these greatly needed benefits will go unclaimed.
COVID Relief: Self-Employed Workers Are Still Eligible for up to $32,200 in Tax Refunds
Los Angeles, January 30, 2024 (USANews.com) – The COVID-19 pandemic has had a significant impact on self-employed workers, causing financial hardships and loss of income. However, there is good news for these individuals as they are now eligible to collect up to $32,200 in tax refunds. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed by Congress in December 2020, has expanded the Family First Coronavirus Response Act (FFCRA) to include self-employed individuals, freelancers, independent contractors, and gig workers.
Under the CARES Act, self-employed workers can now benefit from “immediate refund” tax credits, providing much-needed relief for the time lost earning money due to the COVID-19 pandemic. This initiative aims to support and assist those who have been adversely affected by the ongoing crisis.
The CARES Act recognizes the vital role played by self-employed individuals in the economy and acknowledges the challenges they have faced during these unprecedented times. By extending the FFCRA to cover self-employed workers, the government is taking proactive steps to ensure their financial well-being and help them recover from the economic impact of the pandemic.
Self-employed workers can still claim tax credits of up to $32,200, providing a significant boost to their finances. This refund will help alleviate some of the financial burdens they have faced, allowing them to recover and rebuild their businesses.
The government’s commitment to supporting self-employed workers is commendable, and this initiative will undoubtedly provide much-needed relief to those who have been struggling to make ends meet. By providing tax refunds, the government is acknowledging the hardships faced by self-employed individuals and offering a lifeline to help them navigate through these challenging times. THE PROBLEM: Most self employed people have never heard of the program and these greatly needed benefits will go unclaimed.
To take advantage of this opportunity, self-employed individuals should consult a tax advisor that specializes in tax refunds as the process is complicated to navigate and a lot of tax preparers do not provide the service. We have partnered with Tax Prep Advocates, a leader in the specialized tax area, to provide clients with free estimates and no up-front costs to file and process their refunds.
To get a no cost, no obligation estimate of your return please visit: www.setcapply.com.
About Moore Business Resources:
Moore Business Resources focuses on introducing business entities to valuable resources services, innovative products, services and providers that lend to the financial success of their employees and businesses. Our team offers decades of business & marketing experience and are always looking for out-of the box solutions to offer clients.
To get a no cost, no obligation estimate of your return please visit: www.setcapply.com.
About Moore Business Resources:
Moore Business Resources focuses on introducing business entities to valuable resources services, innovative products, services and providers that lend to the financial success of their employees and businesses. Our team offers decades of business & marketing experience and are always looking for out-of the box solutions to offer clients.
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