2007-01-26 10:33:29 · 5 answers · asked by jimbobob 4 in Business & Finance ➔ Taxes ➔ United States
For a Refund.
2007-01-26 10:34:06 · update #1
No. Deductions serve to reduce your taxable income. If your income is already zero, you can't go any lower than that.
2007-01-26 10:46:32 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Unfortunately not. A tax refund means you overpaid on your taxes, and the government is giving that amount back. Since you didnt pay the government a penny in taxes, they have nothing to refund to you.
2007-01-26 18:42:02 · answer #2 · answered by Scott B 3 · 0⤊ 0⤋
Mortgage interest payments are tax deductions, and if you don't owe taxes, why do you need tax deductions?
2007-01-26 18:42:51 · answer #3 · answered by MamaBean 3 · 0⤊ 0⤋
No. Deductions are used to reduce income. If your income is already zero, there's nothing to reduce.
2007-01-26 22:21:24 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
no. if you didn't make any money then there is nothing to write off.
2007-01-26 18:41:13 · answer #5 · answered by george 2 6 · 0⤊ 0⤋