April 18th, 2009
Can I Take IRS Deductions if I Had No Income?
When you are talking about IRS deductions, you are talking about lowering your taxable income. If you did not have any income then your taxable income is zero already and there is no need to lower it any further.
If you want to get some money back from the IRS even if you did not make any money or paid any taxes then you are looking for federal tax credits.
There are some federal tax credits that will give you money into your pocket whether you made any money of paid any taxes or not. So, file your tax return if you are due any tax credits so that you can get money from the government.