My company went out of business oweing me pay and benefits. Is that deductible?

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My company went out of business oweing me pay and benefits. Is that deductible?

No, income that you didn't receive is not deductible. This income just isn't included on your return so you don't pay any tax on it.

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My company went out of business oweing me pay and benefits. Is that deductible?

No, income that you didn't receive is not deductible. This income just isn't included on your return so you don't pay any tax on it.

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