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Can a business loss offset other income 2024?

Harper Lee | 2023-05-08 00:38:50 | page views：1180
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William Hernandez

Works at Google, Lives in Mountain View, CA
The IRS lets you write off the loss from a business on your personal tax return. For example, if you have a regular --day-- job, you can use the loss from a side business to offset your W2 or other income (and thus, lower your overall tax bill for the year).
2023-05-14 00:38:50
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Harper Hughes

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The IRS lets you write off the loss from a business on your personal tax return. For example, if you have a regular --day-- job, you can use the loss from a side business to offset your W2 or other income (and thus, lower your overall tax bill for the year).
Can a Side Business Help Reduce Your Taxes? - Mashable
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