WillK
Intuit Alumni

Get your taxes done using TurboTax

Yes that is possible. If you have a loss in your business, the loss will offset your wife's income, which will lower your taxable income. If your taxable income is low enough you may qualify for deductions and credits which will increase the amount of your refund. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post