Irs Schedule C 2024. The irs uses the information in the schedule c tax form to calculate how much taxable profit you made—and assess any taxes or refunds owing. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;
Learn everything you need to know about the schedule c tax form, including how to fill it out, common mistakes to avoid, and tips for maximizing deductions. If you are a resident alien, you can take the deductions allowed on schedule a (form 1040).