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Get your taxes done using TurboTax
The Standard Deduction or Itemized Deductions are for personal deductions on schedule A. That is separate from your Business expenses on schedule C. There is no "Standard Deduction" for business. You enter your actual expenses.
If you have self employment small business expenses you can take either the Standard Deduction or Itemized Deductions on the personal part of your return.
If you have self employment small business expenses you can take either the Standard Deduction or Itemized Deductions on the personal part of your return.
‎June 7, 2019
4:10 PM