Your 1099-NEC income will show up on both Schedule 1 and Schedule C. Your net income from Schedule C is what shows up on Line 3 of Schedule 1.
Look at your Form 1040 - your standard deduction is on Line 12. The standard deduction will offset regular income tax for your W-2 wages and your Schedule C income. However, your Schedule C income will also generate the Self-employment Tax which does not get reduced by your standard deduction. The tax is an additional tax that cannot be offset by your standard deduction.
To go straight to your Schedule C when working on your return,
- Open or continue your return.
- Search for schedule c and click the Jump to schedule c link in the search results.
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