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Shellx33
New Member

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?

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? 

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WillK
Intuit Alumni

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?

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. 

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2 Replies
WillK
Intuit Alumni

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?

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Shellx33
New Member

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?

thank you!!
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