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Unfortunately, there is no reason to file as both the EITC and CTC tax credits require earned income to get any benefits. Other than during 2021 and the COIVID related rules, there is no benefit to file.
Unfortunately, there is no reason to file as both the EITC and CTC tax credits require earned income to get any benefits. Other than during 2021 and the COIVID related rules, there is no benefit to file.
Q. Do I get a return if I file as a non filer?
A. No. There were some special rules during "covid", but those are no longer in effect.
The money you hear about people getting for just filing a tax return claiming kids requires them to have some earned income (wages or self employment). Without earned income, they are not eligible for the "refundable" Earned Income Credit or Additional Child Tax Credit. Both credits are calculated on the amount of earned income you have. No earned income means no "refund". A small amount of earned income means a small refund. The child tax credit does not "kick in" unless you have at least $2500 of earned income.
A child can be the “qualifying child” dependent of any close relative in the household. If you live with someone else, e.g. your parents, it may be better if they claim your child.
Instead, you could allow the non-custodial parent to claim the children. Non-custodial parents are allowed to claim the child tax credit, but not the Earned income credit.
AND….If you have children but had little or no income, it raises the question of how you and the children were supported. There may be another tax-paying adult who can claim you and/or the children as dependents.
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