You work tirelessly every day and expenses tax season has come and appears like you won't get high of a refund again calendar year. This could often be a good thing though.read to. Now we calculate if there is any taxes due. Assuming for the event that no income exists, we calculate taxable income by taking the take advantage of the business ($20,000) and subtract the actual deduction (which is $5,950 for 2012) less the exemption deduction (which is $3,800 for 2012). The taxable income wo...