So I have been on workers comp all year long. I understand that the payments are not taxable whatsoever, but I am a single dad. I have 5 children, and my sister has taken care of me and the children this year. How do I need to file my taxes?
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Workers compensation is not taxable, and does not get entered on a tax return. If that has been your only income, you will not need to file a tax return. The child-related credits are based on income earned from working, so, sorry, but you will not be eligible for child tax credit, etc.
Who has to file?
http://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return%3F
What if for the first 3 weeks of my claim being set up and processed they paid me 3 weeks worth of work. Would I be able to file and claim then?
You can enter a W-2 for 2024 on a 2024 tax return. However, if the earnings were for only three weeks, it is unlikely to be enough to get much child-related credit. You will likely get back any amount that was withheld for federal tax from box 2. You might get a little bit of earned income credit. If you do not have more than $2500 of income from working, you still will not get the refundable additional child tax credit.
That credit is calculated like this:
Look at box 1 of your W-2. Subtract $2500 from that. Then take that number and multiply by 15%. That is your refundable amount --or "additional child tax credit" amount. If you did not earn at least $2500 you cannot get any additional child tax credit at all.
https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant
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