Divorced residential mom 2 children- with the sole purpose income is alimony- I own a home and reward taxes and mortgage-?
when I did H&R Block it said I owed $300- I did receive a stimulus check for $300. Is this right-I had to quit work to care for my unwell child- do I need to be employed to claim EIC or receive any refund?
Answers:
EIC is base on earned income, what you would typically think of as remuneration or wages. If you don't have earned income, you don't qualify to receive the EIC. A reimbursement is simply the IRS returning money you over paid them throughout the year. Therefore, if you had no duty, and weren't paying money in, you would have nought to be refunded to you. Alimony is taxable but because you don't have taxes withheld from it, you would hold to pay when you file.
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Answers:
EIC is base on earned income, what you would typically think of as remuneration or wages. If you don't have earned income, you don't qualify to receive the EIC. A reimbursement is simply the IRS returning money you over paid them throughout the year. Therefore, if you had no duty, and weren't paying money in, you would have nought to be refunded to you. Alimony is taxable but because you don't have taxes withheld from it, you would hold to pay when you file.
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