- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The Standard Deduction is only on the 1040 against all your income. There is no Standard Deduction Deduction on Schedule C for business except for vehicle mileage.
So you get both the Standard Deduction and your actual business expenses on schedule C.
Schedule C & C-EZ is part of your personal 1040 return. You don't file it separately. What year are you doing? Is this your first year filing schedule C?
‎November 14, 2019
10:23 AM