Self Employed Brokers may qualify for up to $32,220 in Tax Credits under the Families First Coronavirus Response Act (FFCRA) for both the 2020 and 2021 tax years.

FFCRA provides paid sick and family leave benefits related to COVID-19 and initially, only W-2 employees were eligible but Congress later expanded the benefit to independent contractors.

The FFCRA tax credit is not a tax deduction. The entire amount is available and does not need to be paid back.