How does my tax filing change if I chose to exclude my income from my gross income?

[wundrfundr]

I have the option of excluding my income as a home care provider fir my daughter. This is my only source of income, how would excluding it affect my tax filing

[Critter]

You do not have an option ... if you qualify to do so you must do so. 

[Critter]

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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