ahock
Returning Member

Deductions & credits

this is for 2021 by the way. I was searching for answers hence I appended on old thread

 

For my question its just a dependent care for child care and NOT FSA. Basically I have elected to deduct pre tax in my salary and do reimbursements. My wife had a business but incur a loss. Am I allowed to claim for it even if my wife business incur a loss? My understanding is yes since I still have my earned income.