TO GET MAX CREDIT YOUR INCOME HAS TO BE ABOVE
$ 132,860 / 260= Max $511
FOR SIMPLE MATH EXAMPLE
SELF EMPLOYED PRIOR YEAR NET INCOME IS
$ 26,000 / 260 DAYS = $100 PER DAY
OR
$52,000 / 260DAYS = $200 PER DAY
HOW COULD IT BE $36,220?
ASSUMING YOU QUALIFY FOR THE MAX EACH DAY
Self-Employed Sick Leave
Tax Credit Possible $5,110 Max 10 Days
$511 x 10 Days= $5,110 FOR YEAR 2020 4/1/20 to 3/31/21 (Max $511 Per Day)
$511 x 10 Days= $5,110 FOR YEAR 2021 4/1/21 to 9/30/21 (Max $511 Per Day)
CARING FOR SOMEONE ELSE
$200 x Max 10 Days = $ 2,000 FOR YEAR 2020: 4/1/20 to 3/31/21 (Max $200 Per Day)
$200 x Max 10 Days = $ 2,000 FOR YEAR 2021: 4/1/21 to 9/30/21 (Max $200 Per Day)
CARING FOR CHILDREN
MAX $200 x MAX 50 DAYS = $10,000 FOR YEAR 2020: 4/1/20 to 3/31/21
MAX $200 x MAX 60 DAYS = $12,000 FOR YEAR 2021: 4/1/21 to 9/30/21
