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What happens when your deductions exceed my income?
Questioner：Benjamin Patel 2023-06-13 09:06:54
The most authoritative answer in 2024
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Ava Roberts——Studied at Harvard University, Lives in Cambridge, MA
If your deductions exceed income earned and you had tax withheld from your paycheck, you might be entitled to a refund. You may also be able to claim a net operating loss (NOLs). A Net Operating Loss is when your deductions for the year are greater than your income in that same year.read more >>+119962023-06-13 09:06:54
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