The self-employed person can receive an income tax credit of $200 per day, up to a maximum of $10,000.
The “Act” provides a refundable income tax credit for sick leave of a self-employed person for qualified Sick Leave. The credit first reduces a self-employed individual’s income tax liability and any balance is refunded.
Congress passed several pieces of legislation with provisions to help small businesses shore up their coffers and keep employees on the payroll.
Whether you’re running your own business or working as an independent contractor, you’ll soon realize that working for yourself isn’t just another job, it’s a way of life