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What happens when your deductions exceed my income?

Lucas Davis | 2023-06-13 09:06:54 | page views：1785
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Zoe Wright

Studied at the University of British Columbia, Lives in Vancouver, Canada.
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.
2023-06-23 09:06:54
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Zoe Walker

QuesHub.com delivers expert answers and knowledge to you.
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.
Deductions Exceed Income | H&R Block
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