Proposed Tax Bill: What It Means For Your Business

You can carry the above mentioned losses to reduce your taxable income in future years. Furthermore, W-2 wages cannot cover business losses. Spousal income is also taxed separately and may result in a tax bill even if business losses exceed the spousal income.

#Business #TaxBill #w2wages

Views: 4

Comment

You need to be a member of On Feet Nation to add comments!

Join On Feet Nation

© 2025   Created by PH the vintage.   Powered by

Badges  |  Report an Issue  |  Terms of Service