Tax refunds for business losses
How it helps Under the CARES Act, small businesses and independent workers who pay themselves within a corporate structure (such
Payroll tax deferments
How it helps Self-employed individuals are required to pay self-employment taxes, usually quarterly. The CARES act, however, allows employers to
Tax filing deadline extensions
How it helps The IRS has moved the tax filing deadline for individuals and businesses from April 15 to July
Paid sick and family leave tax credits
How it helps Although independent contractors are not usually included in paid sick leave benefits (though some states may have
Unemployment benefits
How it helps Self-employed individuals, independent contractors, and gig workers do not usually qualify for unemployment benefits, but the CARES
Paycheck Protection Program (PPP) loans
How it helps The new PPP loans are designed specifically to provide small businesses, including independent contractors, gig workers and
Economic Injury Disaster Loans (EIDLs) and advances
How it helps EIDLs are one of two loan options available to self-employed individuals through the CARES Act. These low-interest,