You’ve probably never heard of the “Self Employment Tax Credit.” That’s because it doesn’t exist! However, unscrupulous promoters on social media are peddling the nonexistent credit as a way for self-employed people and gig workers to receive big payments related to the COVID-19 pandemic. In reality, the underlying limited and technical credits referenced in these bogus claims are called the Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals. The IRS is warning taxpayers that many people don’t qualify for these credits and that the tax agency is closely reviewing claims for them. For additional information from the IRS on this scam: https://bit.ly/3Wn9M2J. Contact the Cg Team with questions. © 2024