Schedule C
TaxesThe IRS form used by sole proprietors to report business income and expenses on their personal tax return.
Example
Example: On a $75,000 salary, understanding schedule c could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how schedule c works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.