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| *Loan,banking and credit>>>income tax |
I have no income only grants and student loans, do I have to file taxes? |
I'm not sure if I have to files taxes this year, no income only grants and student loans. The amount is under 4,000 dollars. I'm a single mom of 1 but the father claims the EIC because I don't have income. Based on the information that you provided you would not have a requirement to file a Federal Tax return, Scholarships and Grants are not considered Taxable income. Nor are they considered Earned Income for the EIC Qualified scholarships and fellowships are treated as tax-free amounts if all of the following conditions are met: You are a candidate for a degree at an educational institution, Amounts you receive as a scholarship or fellowship are used for tuition and fees required for enrollment or attendance at the educational institution, or for books, supplies, and equipment required for courses of instruction, and The amounts received are not a payment for your services . Publication 970 Source(s): Internal Revenue Service I don't think you have, but I'm not really sure. go to irs.gov and ask at there 800 number. I have to tell you, that if the father didn' t provide over half the care, provide a home for, it is possible that he shouldn't be able to claim your son. I would advise you to seek the help of a tax professional good luck & blessing imho -- mucho tax experience |
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