Is taxable income the same as Net income?

[Critter-3]

Depends on what you mean by  net income ... but if you mean the net on a Sch C then no.

[VolvoGirl]

Maybe, maybe not.   What do you need it for?  Taxable income is your gross taxable income minus the Standard Deduction or your Itemized Deductions.   It's on 1040 line 15.

[rjs]

There is no standard definition of "net income" for taxes. There is no amount called "net income" on a tax return. Why are you asking about net income? What are you trying to do?

VolvoGirl told you where to find taxable income on your tax return.

[ruthivette]

I'm retired and know my gross income. However, for loans or credit cards I'm asked to indicate my net income. My tax forms show my taxable income after deductions. As I no longer receive a paycheck where I clearly see gross vs net income, I want to figure out what my correct net income may be, in order to apply for credit card.

[Critter-3]

For the CC application purposes ... net income for you would be the gross less any taxes withheld from your income.   This is NOT shown anywhere on a tax return.   Look at your income sources for the gross and any fed/state taxes that are withheld.   And you don't need to be "on the penny" for one of those applications ... a good guess is just fine.  I have never had any CC company ask for proof of income ever.