The IRS created the new Form 7202 to allow self employed individuals claim the tax credits similar to the credits allowed to employers with employees out on emergency sick leave. The tax credits were created under the Families First Coronavirus Response Act passed early in the pandemic to help those unable to work (or telework) due to their own Covid health issues or their caring for a family member. Keep in mind the form is used to calculate the tax credit. The individual claiming the credit must maintain documentation supporting their eligibility for the tax credit.
