Last updated 07-24-2026
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IRSplus - SETC Tax Credit
IRSplus is a licensed IRS tax accounting firm that helps self-employed workers, sole proprietors, and 1099 contractors claim the Self-Employed Tax Credit (SETC) under the Families First Coronavirus Response Act. The service is built for people who had positive net self-employment income in 2020 or 2021 and missed work due to COVID-related circumstances such as quarantine orders, childcare closures, illness, or vaccination side effects.
The firm handles qualification, calculation, amended return preparation, and mailing of SETC applications in house. Clients start with an online calculator and questionnaire, then upload tax returns and identification through a client portal. IRSplus reports filing within 48 hours, with refund checks from the US Treasury typically arriving in 8 to 12 weeks.
Eligible filers can receive up to $32,220 per person, or up to $64,440 when both spouses qualify with separate self-employment income. Fees are a percentage of the total SETC refund, with a pay-after option at 25% or a discounted pay-upfront rate at 20%.
The service includes errors and omissions insurance, audit defense protection, and a written money-back guarantee if the credit is not received. IRSplus has operated as an approved e-file tax provider since 2017.
Online SETC calculator estimates your refund from net income and COVID-impacted days
Client portal walks you through a qualifying questionnaire in a few steps
In-house tax team amends and files your application within 48 hours
Pay-after option charges 25% only after your SETC checks arrive
Every filing includes E&O insurance, audit defense, and a written refund guarantee
Pay-after fee option means no upfront payment before your refund arrives
In-house licensed tax professionals file amended returns within 48 hours
Written audit defense protection and E&O insurance on every claim
Online calculator and portal let you estimate eligibility before committing
Fees are 20% or 25% of your refund, which can total thousands on large credits
SETC only covers 2020 and 2021 tax years with specific COVID qualifying days
IRS refund checks can take 8 to 12 weeks after filing acceptance
Must have positive net self-employment income on Schedule C or SE to qualify
Who qualifies for SETC through IRSplus?
IRSplus serves self-employed individuals, sole proprietors, freelancers, and 1099 contractors who had positive net income on Schedule C or SE in 2020 or 2021 and missed work due to COVID-related reasons. W2 employees with additional self-employment income may also qualify, though employer-paid leave benefits reduce the credit amount.
How much can I receive from the SETC?
The SETC can reach up to $32,220 per qualifying individual based on net self-employment income and COVID-impacted days. When both spouses have separate self-employment income and each qualifies, the combined maximum is $64,440. IRSplus reports an average client refund of about $4,688.
What are IRSplus fee options?
IRSplus offers two fee structures based on a percentage of your total SETC refund. The pay-after option charges 25% due after you receive your checks. The pay-upfront option charges a discounted 20% rate, with installment plans available through PayPal Pay Later for fees over $1,500.
How long does it take to receive a SETC refund?
IRSplus files amended returns within 48 hours of receiving your documents. The IRS typically accepts the filing within about three weeks, and refund checks arrive 8 to 12 weeks after acceptance. IRSplus also provides online portal, email, and text updates throughout the process.
Is the SETC taxable income?
No. Unlike PPP loans or the Employee Retention Tax Credit, the SETC is not considered taxable income. It is a refund of taxes you already paid, not a loan, and does not need to be repaid.
What documents do I need to file with IRSplus?
You need tax returns for 2019, 2020, and 2021, a valid government-issued photo ID, and a signed client agreement. IRSplus handles amended return preparation and mailing once your documents are uploaded through the client portal.
Does filing SETC affect my current year taxes?
No. Filing for the SETC amends your 2020 and/or 2021 tax returns only. It does not affect your current year income tax filings. IRSplus handles the retroactive amendments in house.