Fillable Form 7202

What is Form 7202?

Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals, is an Internal Revenue Service (IRS) form used to figure the amount of refundable qualified sick and family leave equivalent credits if a person was unable to perform services as an eligible self-employed individual due to certain COVID-19 related circumstances between January 1, 2021, and September 30, 2021.

Who needs to use Form 7202?

Form 7202 IRS is filed by eligible self-employed individuals. An eligible self-employed individual is a person who fulfills both of the following requirements:

• Has regularly carried on a trade or business within the meaning of section 1402.
• Would have been eligible had they been an employee of an employer (other than themselves) to receive qualified sick leave wages under the Emergency Paid Sick Leave Act or qualified family leave wages under the Emergency Family and Medical Leave Expansion Act.

Each eligible self-employed individual must file a separate Form 7202. If filing a joint tax return and both spouses are eligible self-employed individuals, each must attach a separate Form 7202 to the joint tax return.

How to fill out Form 7202?

The IRS 7202 form is a very simple form to fill out. Make sure to download it in PDF format so as to preserve the contents of the form regardless of how it is opened or submitted. It will also be beneficial to have the relevant documents prepared to ensure that all information entered in the form is correct and updated.

If more details and information is needed on particular parts of the form, you may consult the instructions for Form 7202 on the IRS website.

Name of Person with Self-employment Income (as Shown on Form 1040, 1040-SR, or 1040-NR)

Enter your name as shown on Form 1040, 1040-SR, or 1040-NR.

Social Security Number of Person with Self-Employment Income

Enter your Social Security Number (SSN).

Part I - Credit for Sick Leave for Certain Self-Employed Individuals (January 1, 2021, through March 31, 2021 only)

Line 1

Enter the number of days after December 31, 2020, and before April 1, 2021, that you were unable to perform services as a self-employed individual because of certain coronavirus-related care you required.

Line 2

Enter the number of days after December 31, 2020, and April 1, 2021 that you were unable to perform services as a self-employed individual because of certain coronavirus-related care that you had to provide to another. Do not include days that were accounted for in Line 1.

Line 3a

Enter the number from Line 4 of your 2020 Form 7202. If you did not file a 2020 Form 7202, enter -0-.

Line 3b

Enter the number from Line 6 of your 2020 Form 7202. If you did not file a 2020 Form 7202, enter -0-.

Line 3c

Add Lines 3a and 3b and enter the sum.

Line 3d

Subtract Line 3c from the number 10 and enter the difference.

Line 4a

Enter the smaller amount between Line 1 or Line 3d.

Line 4b

List each day included on Line 4a (list them in MM/DD format). Use an extra sheet of paper as needed.

Line 5

Subtract Line 4a from Line 3d and endter the difference.

Line 6a

Enter the smaller amount between Line 2 and Line 5.

Line 6b

List each day included on Line 6a (list them in MM/DD format). Use an extra sheet of paper as needed. Note that the sum of Lines 4a and 6a should not exceed 10 days or Line 3d, whichever one is smaller.

Line 7a

Enter the total net earnings from self-employment.

Line 7b

Check the box provided if you are electing to use prior year net earnings from self-employment on Line 7a.

Line 8

Divide Line 7a by 260 and enter the quotient rounded to the nearest whole number.

Line 9

Enter the smaller amount between Line 8 or $511.

Line 10

Multiply Line 4a by Line 9 and enter the product.

Line 11

Multiply Line 8 by 67% (0.67) and enter the product.

Line 12

Enter the smaller amount between Line 11 and $200.

Line 13

Multiply Line 6a by Line 12 and enter the product.

Line 14

Add Lines 10 and 13 and enter the sum.

Line 15a

Enter the amount of qualified sick leave wages subject to the $511 per day limit you received from an employer for periods of leave taken after December 31, 2020 and before April 1, 2021.

Line 15b

Enter the amount from Line 15 of your 2020 Form 7202. If you did not file a 2020 Form 7202, check the instructions for Form 7202 on the IRS website to see what amount to enter.

Line 15c

Add Lines 15a and 15b and enter the sum.

Line 16a

Enter the amount of sick leave wages subject to the $200 per day limit you received from an employer for periods of leave taken after December 31, 2020, and before April 1, 2021.

Line 16b

Enter the amount from Line 16 of your 2020 Form 7202. If you did not file a 2020 Form 7202, check the instructions for Form 7202 on the IRS website to see what amount to enter.

Line 16c

Add Lines 16a and 16b and enter the sum.

If both Line 15c and 16c are zero, skip to Line 24 and enter the amount from Line 14.

Line 17a

Add Lines 13 and 16c and enter the sum.

Line 17b

Enter the amount from Line 13 of your 2020 Form 7202. If you did not file a 2020 Form 7202, enter -0- instead.

Line 17c

Add Lines 17a and 17b and enter the sum.

Line 18

Enter the smaller amount between Line 17c or $2,000

Line 19

Subtract Line 18 from Line 17c and enter the difference.

Line 20a

Add Lines 10, 15c, and 18 and enter the sum.

Line 20b

Enter the amount from Line 10 of your 2020 Form 7202. If you did not file a 2020 Form 7202, enter -0- instead.

Line 20c

Add Lines 20a and 20b and enter the sum.

Line 21

Enter the smaller amount between Line 20c and $5,110

Line 22

Subtract Line 21 from Line 20c and enter the difference.

Line 23

Add Lines 19 and 22 and enter the sum.

Line 24

Subtract Line 23 from Line 14. If zero or less, enter -0-. Enter here and include on Schedule 3 (1040), Line 13b.

Part II - Credit for Family Leave For Certain Self-Employed Individuals (January 1, 2021, through March 31, 2021 only)

Line 25a

Enter the number of days after December 31, 2020, and before April 1, 2021, that you were unable to perform services as a self-employed individual because of certain coronavirus-related care you provided to your child. Do not enter more than 50 days, and do not include days already listed in Line 4b or 6b.

Line 25b

Enter the amount from Line 25 of your 2020 Form 7202. If you did not file a 2020 Form 7202, enter -0- instead.

Line 25c

Subtract Line 25b from the number 50 and enter the difference.

Line 25d

Enter the smaller amount between Line 25a or Line 25c.

Line 26a

Enter the amount of net earnings from self-employment.

Line 26b

Check the box provided if you are electing to use prior year net earnings from self-employment on Line 26a.

Line 27

Divide Line 26a by 260 and enter the quotient rounded to the nearest whole number.

Line 28

Multiply Line 27 by 67% (0.67) and enter the product.

Line 29

Enter the smaller amount between Line 28 or $200.

Line 30

Multiply Line 25d by Line 29 and enter the product.

Line 31a

Enter the amount of family leave wages you received from an employer for periods of leave taken after December 31, 2020, and before April 1, 2021.

Line 31b

Enter the amount from Line 31 of your 2020 Form 7202. If you did not file a 2020 Form 7202, enter -0- instead.

Line 31c

Add Lines 31a and 31b and enter the sum.

If Line 31c is zero, skip to Line 35 and enter the amount from Line 30

Line 32a

Add Lines 30 and 31c and enter the sum.

Line 32b

Enter the amount from Line 30 of your 2020 Form 7202. If you did not file a 2020 Form 7202, enter -0- instead.

Line 32c

Add Lines 32a and 32b and enter the sum.

Line 33

Enter the smaller amount between Line 32c or $10,000

Line 34

Subtract Line 33 from Line 32c and enter the difference.

Line 35

Subtract Line 34 from Line 30 and enter the difference. If the difference is zero or less, enter -0- instead. Enter this amount on Schedule 3 (Form 1040), Line 13b as well.

Part III - Credit for SIck Leave for Certain Self-Employed Individuals (April 1, 2021 through September 30, 2021 only)

Line 36

Enter the number of days after March 31, 2021, and before October 1, 2021, that you were unable to perform services as a self-employed individual because of certain coronavirus-related care you required.

Line 37

Enter the number of days after March 31, 2021, and before October 1, 2021, that you were unable to perform services as a self-employed individual because of certain coronavirus-related care you provided to another. Do not include days already included on Line 36.

Line 38a

Enter the smaller between 10 days and the number of days entered on Line 36.

Line 38b

List each day included on Line 38a (list them in MM/DD format). Use an extra sheet of paper as needed.

Line 39

Subtract Line 38a from the number 10 and enter the difference.

Line 40a

Enter the smaller amount between Line 37 or Line 39.

Line 40b

List each day included on Line 40a (list them in MM/DD format). Use an extra sheet of paper as needed.

Make sure that the sum of Line 38a plus Line 40a does not exceed 10 days.

Line 41a

Enter the total net earnings from self-employment.

Line 41b

Check the box provided if you are electing to use prior year net earnings from self-employment on Line 41a.

Line 42.

Divide Line 41a by 260 and enter the quotient rounded to the closest whole number.

Line 43

Enter the smaller amount between Line 42 or $511.

Line 44

Multiply Line 38a by Line 43 and enter the product.

Line 45

Multiply Line 42 by 67% (0.67) and enter the product.

Line 46

Enter the smaller amount between Line 45 or $200.

Line 47

Multiply Line 40a by Line 46 and enter the product.

Line 48

Add Lines 44 and 47 and enter the sum.

Line 49

Enter the amount of qualified sick leave wages subject to the $511 per day limit you received from an employer for periods of leave taken after March 31, 2021, and before October 1, 2021.

Line 50

Enter the amount of qualified sick leave wages subject to the $200 per day limit you received from an employer for periods of leave taken after March 31, 2021, and before October 1, 2021.

Line 51

Add Lines 47 and 50 and enter the sum.

Line 52

Enter the smaller amount between Line 51 or $2,000.

Line 53

Subtract Line 52 from Line 51 and enter the difference.

Line 54

Add Lines 44, 49, and 52 and enter the sum.

Line 55

Enter the smaller amount between Line 54 or $5,110

Line 56

Subtract Line 55 from Line 54 and enter the difference.

Line 57

Add Lines 53 and 56 and enter the sum.

Line 58

Subtract Line 57 from Line 48 and enter the difference. If the difference is zero or lower, enter -0- instead. Enter the amount on Schedule 3 (Form 1040), Line 13h as

Part IV - Credit for Family Leave for Certain Self-Employed Individuals (April 1, 2021, through September 30, 2021, only)

Line 59

Enter the number of days after March 31, 2021, and October 1, 2021, that you were unable to perform services as a self-employed individual because of certain coronavirus-related care you required or provided to another. Do not enter more than 60 days, and do not include any of the days already listed on Lines 38b or 40b.

Line 60a

Enter the total net earnings from self-employment.

Line 60b

Check this box if you are electing to use prior year net earnings from self-employment on Line 60a.

Line 61

Divide Line 60 by 260 and enter the quotient rounded to the nearest whole number.

Line 62

Multiply Line 61 by 67% (0.67) and enter the product.

Line 63

Enter the smaller amount between Line 62 and $200.

Line 64

Multiply Line 59 by Line 63 and enter the product.

Line 65

Enter the amount of qualified family leave wages you received from an employer for periods of leave taken after March 31, 2021, and before October 1, 2021.

If Line 65 is zero, skip to Line 69 and enter the amount from Line 64.

Line 66

Add Lines 64 and 65 and enter the sum.

Line 67

Enter the smaller amount between Line 66 or $12,000.

Line 68

Subtract Line 67 from Line 66 and enter the difference.

Line 69

Subtract Line 68 from Line 64 and enter the difference. If the difference is zero or less, enter -0- instead. Enter the amount on Schedule 3 (Form 1040) Line 13h.

Tips when filling out Form 7202

Tax return form 7202 is a simple form to fill out, but its length means that it is doubly important to double-check the information being entered to ensure that everything is correct and updated. This will help to avoid any legal issues from providing the wrong information to the IRS.

Keep the form in a safe and secure area. Form 7202 IRS contains some sensitive information, most notably your name, social security number, and tax information, so it is important that it be kept in a safe area and submitted through trustworthy means to avoid any issues such as identity theft or misfiling forms.

Practice good contract management. Keep a copy of the accomplished form in a safe area. This will be useful for possible future legal purposes or as a backup in the event that something happens to the original copy.