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Should I take the Earned Income Credit?? Odd Question
Basically I sent in my taxes (self employed) live in the US year round etc.
I qualified for EIC in 2020 but like 6 months after filing .....I got a notice of balance due........no reason given, but it was the exact amount of the earned income credit plus interest etc. So paid it the same day because #Anxiety - I wasn't going to call about something like that .
Anyways fast forward to now........I don't know if they disqualified me from it? Never got a single letter- same address the whole time for years........no other notices at all. Just that weird balance due notice that I paid (yes it was legit lol- I paid not to that letter, but via the main site online where I send my estimated taxes.
Anyways......now they want to give me a large Earned income credit for 2021........can I just refuse it or should I?
I don't have a clue why they send me that balance due, because I did qualify for it, but now I worry about taking it.........as this could happen again and then I'll owe a large amount back...........hmmmmmmn not sure how to decline it on turbotax - but it's not fun to decline as it's large- but I don't want any issues for taking it etc.......
I have no idea why I had to pay it back, they didn't provide any explanation just a balance due notice etc from 2020