Question

Self employed family leave and sick leave

Forum|Forum|4 years ago
January 31, 2022
1 reply
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I was able to take 2020 tax credits for both family leave (for credit I had to take time off work to take care of kids in school) and sick leave. It looks like the IRS extended those cedits into 2021 but turbo tax information only has dates for 2020. I don't want to claim a credit I am no longer eligible for but I did miss work for both sick leave and school care well into the first and second quarters of 2021. Does anyone know the answer?

DawnC

Employee

The Families First Coronavirus Response Act (FFCRA), allows eligible self-employed individuals who, due to COVID-19, are unable to work or telework for reasons relating to their own health or to care for a family member to claim refundable tax credits to offset their federal income tax. The credits are equal to either the qualified sick leave or family leave equivalent amount, depending on circumstances. IRS.gov has instructions to help calculate the qualified sick leave equivalent amount and qualified family leave equivalent amount.

Eligible self-employed individuals will determine their qualified sick and family leave equivalent tax credits with the new IRS Form 7202 on your 2020 Form 1040 for leave taken between April 1, 2020, and December 31, 2020, and on the 2021 Form 1040 for leave taken between January 1, 2021, and March 31, 2021.

The ARP (American Rescue Plan) provides similar credits for periods of leave beginning April 1, 2021, through September 30, 2021.

Form 7202 is not scheduled to be available in TurboTax until 02/03

Paid Sick and Family Leave Credit – 2020 vs 2021 Comparison Chart

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