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Up to $32,220 In Tax Credits for Sick and Family Leave

by | Apr 8, 2024 | Tax Credits, Tax Advisory, Tax Strategy

Did you know you might be eligible for significant tax credits for sick and family leave taken during 2020 and 2021? It applies even if you’re self-employed or run a small corporation.

You might qualify if you could not work between April 1, 2020, and September 30, 2021, due to COVID-19-related reasons.

Here’s how to know if you qualify:

If any of these reasons apply to you during the specified period, you could be eligible for tax credits:

  1. COVID-19 Quarantine or Isolation: You were subject to a government-mandated quarantine or isolation order.
  2. Doctor-Recommended Self-Quarantine: A healthcare professional advised you to self-quarantine due to COVID-19 concerns.
  3. Seeking COVID-19 Diagnosis: You experienced symptoms and sought a diagnosis for COVID-19.
  4. COVID-19 Testing: You were waiting for the results of a COVID-19 test or diagnosis.
  5. COVID-19 Exposure or Awaiting Test Results: You were exposed to COVID-19 or couldn’t work while awaiting test results.
  6. COVID-19 Vaccination: You took time off to receive a COVID-19 vaccination.
  7. Vaccination Side Effects: You needed recovery time from side effects related to a COVID-19 vaccination.
  8. Caring for a Quarantined Individual: You cared for someone under a COVID-19 quarantine or isolation order.
  9. Caring for Someone Advised to Self-Quarantine: You cared for someone, and a healthcare professional advised you to self-quarantine due to COVID-19 concerns.
  10. Childcare Disruptions Due to COVID-19: You cared for your child because their school or daycare closed or their provider became unavailable due to COVID-19 precautions.
  11. Accompanying Someone for Vaccination: You accompanied someone to receive a COVID-19 vaccination.
  12. Caring for Someone with Vaccination Side Effects: You cared for someone recovering from side effects related to a COVID-19 vaccination.

If these reasons resonate with your situation, you could be eligible for substantial tax relief. 2020 & 2021 tax credits could mean a refund of up to $32,220, but amended returns might be needed.

Schedule your tax assessment today at the link below or call us at (408) 708-9330.

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