yankee
New Member

Deductions & credits

To use the/a item as a Tax Deduction, you must OWE Taxes....In order to OWE Taxes you need to Make money...Remember you cannot Owe Taxes on NOTHING!...In other words, if you made $0, you owe NO taxes...You are NOT charged Taxes on ZERO income...INCOME is money you get from OTHER PEOPLE........Let say you get $100 from "other people".  AND let say, from the $100, you owe $25 in TAXES....You have Up-To $25 to make deductions against