1040-TW - Web-based | Form 7202 (COVID-19 Credit for Sick Leave or Family Leave)

1040-TW - Web-based | Form 7202 (COVID-19 Credit for Sick Leave or Family Leave)

Form 7202 is used to calculate credits for sick leave and family leave for certain self-employed individuals.

Eligible self-employed individuals are entitled to claim an income tax credit for qualified sick and family leave. To be an eligible self-employed person, the taxpayer must be:

  • Conducting a trade or business within the meaning of section 1402

  • Eligible to receive paid sick leave under the Emergency Paid Sick Leave Act if they were an employee of an employer (other than yourself)

  • Eligible to receive paid family leave under the Emergency Family and Medical Leave Expansion Act if you were an employee of an employer (other than yourself).

    If the taxpayer gave you the proper documentation to prove that they qualify, the form can be found as shown below:

1- Click the + (plus) icon to add a form

2- Search for 7202 and then click the + (plus) sign next to it when it pops up.

3- It’ll look like this: