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Why am i getting such a large refund, i have a lot of expenses & equipment i purchased i claim my income paid no taxes, my wife has a w-2 frm her job could that be why?

Shellx33 — Wed, 05 Jun 2019 00:23:13 GMT

this is year 2 operating at a loss (photography/video equipment, website etc) we put a lot on credit cards deferring the interest or used my wifes income from her job to fund our business. we got a large refund last year and showing a larger refund this year, is that possible?

Yes that is possible. If you have a loss in your business...

WillK — Wed, 05 Jun 2019 00:23:15 GMT

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.

thank you!!

Shellx33 — Wed, 05 Jun 2019 00:23:17 GMT

thank you!!