If your business had a loss, it would lower your other income. There would be no taxes owed on that income since there would not be any. The only thing that would come into play is the EIC. My second paragraph above explains how the EIC works with income. Here is a link for the tables: <a rel="nofollow" target="_blank" href="
https://apps.irs.gov/app/vita/content/globalmedia/earned_income_credit_table_1040i.pdf">https://apps...>
