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The_thirdletter
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Do I owe taxes if my deductions are higher than my income?

 
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xmasbaby0
Level 15

Do I owe taxes if my deductions are higher than my income?

Deductions do not necessarily count "dollar for dollar" so there is no way for us to predict if you will owe.  Enter you information and let TurboTax do the calculations.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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1 Reply
xmasbaby0
Level 15

Do I owe taxes if my deductions are higher than my income?

Deductions do not necessarily count "dollar for dollar" so there is no way for us to predict if you will owe.  Enter you information and let TurboTax do the calculations.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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