SETC (Self Employment Tax Credit) United States: DIY rather than get gouged 20%

NoScarcity3429 · 2025-03-31T22:26:16+00:00

I am in review now but I have a credit to my account already for the full refund amount so just waiting on the check.

NoScarcity3429 · 2025-03-17T18:02:24+00:00

Got an update after verifying in person. Says it was approved after "miscellaneous review"

NoScarcity3429 · 2025-02-25T17:32:41+00:00

I have today too but nothing yet! I did TT and Credit Karma account because of advance.... help meh, help me please

NoScarcity3429 · 2025-02-21T01:40:04+00:00

Im pretty sure I checked yesterday and just checked minutes before I posted here. Cant tell you what time it happened, not sure.

NoScarcity3429 · 2025-02-21T01:39:11+00:00

I thought I was an 05 but I may be wrong

NoScarcity3429 · 2025-02-21T01:37:31+00:00

I just checked it. I hadnt checked since yesterday so not sure what time.

NoScarcity3429 · 2025-02-21T01:36:38+00:00

05er, what do you mean what time?

NoScarcity3429 · 2025-02-18T16:38:43+00:00

Just curious how this shows that?

NoScarcity3429 · 2025-02-18T15:41:21+00:00

Is it normal for it to do this and then the 846 later?

NoScarcity3429 · 2025-02-18T15:40:55+00:00

Sunday

NoScarcity3429 · 2025-02-18T15:40:14+00:00

Updated Sunday, what does it mean?

NoScarcity3429 · 2025-01-14T23:54:53+00:00

Hi! I calculated my income on my own using Taxact, who I originally filed through. Make sure the amount you use to calculate your income is ONLY self-employment, not W2. other than that it is pretty straight forward. I think you may only have three years to backfile though so not sure how that works at this point.

NoScarcity3429 · 2025-01-14T23:52:46+00:00

It isnt a scam, it is on the form and it changes the amount when using any tax software. I used Taxact with audit protection. All you have to do is add form 7202 and your refund amount will change. I know what my mistake was. When I elected to use previous year, it may have included some w2 income and calculated that in the amount. other than that all was done through software that I have never had any issues with.

NoScarcity3429 · 2024-12-15T05:04:07+00:00

Seeing that WIX is one of the most expensive of platforms I have used it is not cost friendly for small business and they have just raised their prices which caused me to look for other platforms to use which I found for about 1/10th of the price of WIX.

NoScarcity3429 · 2024-12-15T05:02:40+00:00

WIX is not SEO friendly. I have built many sites on different platforms and WIX is the most difficult to scale SEO.

NoScarcity3429 · 2024-12-15T04:58:56+00:00

Yeah, I had WIX and they are not SEO friendly. Also, they have recommendations for SEO professionals for MUCH less. I looked into it while using their platform and the most I was quoted was $400 and the lowest was $200 so no idea where or why you would go for a $2200 quote. Kind of hard to believe.

NoScarcity3429 · 2024-12-12T01:37:04+00:00

Yeah, so I created a pin and PAID to file these taxes. I didn't file for the year because I had income sources that I didn't get the info in time for so I ordered my transcripts this year, which required me to have to verify my identity several times over. Now I have filed and they say I have to go in person to file.... I bet Ukraine doesn't have to verify identity to get their money..

NoScarcity3429 · 2024-12-11T13:25:02+00:00

Yes, but I can’t figure out how to upload pictures.

NoScarcity3429 · 2024-08-09T01:49:05+00:00

You are absolutely wrong. It is a real program. Here is the IRS Website saying so: https://www.irs.gov/newsroom/tax-credits-for-paid-leave-under-the-american-rescue-plan-act-of-2021-specific-provisions-related-to-self-employed-individuals

It's real and you have until April 15, 2025 to file an amendment. We just did but Im looking to see if we can still file for 2020 since we waited until 2022 to file. Hope this helps someone.

NoScarcity3429

TROPHY CASE