Hal_Al
Level 15

Deductions & credits

On form 1040, the total left after all deductions and credits is "taxable income" (line 11b).

The term "net income"  is not applicable on your personal tax return (form 1040). 

"Total income" is on line 7b and "Adjusted Gross Income" on line 8b.

 

Even on Schedule C (self employment income), the tern used is net profit, rather than net income.