Can I take a loss against W-2 wages?
You can not take a loss against your W-2 wages. This law was changed for the 2002 tax season. If you have rental property, a business, or any type of supplemental income that results in a loss for the tax year, you may no longer take that loss against W-2 wages.

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1. What is Galion's current income tax rate?
2. How much credit can I claim for taxes paid to other cities?
3. How can I get an extension with the city?
4. Can I take a loss against W-2 wages?