COVID-Related Tax Credits for the Self-Employed

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Self-employed? Good news. There are two new COVID-related credits that you can take on your 2020 tax return.

In a new sponsored TurboTax video series, End-of-Year Tax Strategies, Lisa Greene-Lewis, CPA and TurboTax expert, digs into that more.

"Under the Families First Coronavirus Response Act, there are two credits.  One is the qualified sick leave credit and the other one is the qualified family leave credit.  Those credits are specifically for self-employed if they've been impacted by coronavirus or they're taking care of a family member that has been impacted," Greene-Lewis said.

Do you qualify for these credits? Watch the video above to find out.

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