Yes. Your standard deduction has nothing to do with your business's deductions on Schedule C. You get your standard deduction in addition to your business expenses. If you have any business income, it has to be reported on a Schedule C and you will be overpaying taxes if you do not include your business expenses on the Schedule C. Only your business expenses go on the Schedule C. Any personal deductions are part of your itemized deductions and if your itemized deductions are more than the standard deduction, you will use those instead of your standard deduction. TurboTax will figure out which is the best (largest) personal deduction for you, either itemized or standard. But all taxpayers get to take one of those. As a business owner, you can also deduct your business expenses on Schedule C for even more tax savings. @JPeterson1
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