What If My Deductions Are More Than My Income Self-Employed? [Solved]

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What If My Deductions Are More Than My Income Self-Employed? [Solved]

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.

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