If that is your only income, that is correct. You would not qualify for the Earned Income Credit or the Additional Child Tax Credit. Sorry.
From the IRS:
"Q9. I received payments described in Notice 2014-7 on or after January 3, 2014, that are excludable from gross income as difficulty of care payments under § 131. May I choose to include those payments in my gross income for 2014 and later years?
A9. No. A taxpayer may not choose to include in gross income difficulty of care payments that are excludable from gross income under § 131 as provided in Notice 2014-7"
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