{"id":1403,"date":"2016-08-24T21:35:15","date_gmt":"2016-08-25T01:35:15","guid":{"rendered":"https:\/\/www.freelancinggig.com\/blog\/?post_type=glossary&#038;p=1403"},"modified":"2016-08-24T21:35:15","modified_gmt":"2016-08-25T01:35:15","slug":"schedule-c","status":"publish","type":"glossary","link":"https:\/\/www.freelancinggig.com\/blog\/glossary\/schedule-c\/","title":{"rendered":"Schedule C"},"content":{"rendered":"<p>A freelancer generally files freelance <a class=\"glossaryLink\"  href=\"https:\/\/www.freelancinggig.com\/blog\/glossary\/income\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>income<\/a> and <a class=\"glossaryLink\" href=\"https:\/\/www.freelancinggig.com\/blog\/glossary\/expenses\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">expenses<\/a> on a <a class=\"glossaryLink\" href=\"https:\/\/www.freelancinggig.com\/blog\/glossary\/schedule-c\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Schedule C<\/a>. It&#x2019;s the tax version of a profit and loss statement. There are specific tax rules about what may be deducted as with meals and entertainment, <a class=\"glossaryLink\" href=\"https:\/\/www.freelancinggig.com\/blog\/glossary\/depreciation\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">depreciation<\/a>, <a class=\"glossaryLink\" href=\"https:\/\/www.freelancinggig.com\/blog\/glossary\/home-office\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">home office<\/a>, and the rest of what qualifies as business expenses. The net income then gets entered on the Form 1040 for purposes of calculating income and self-employment taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A freelancer generally files freelance income and expenses on a Schedule C. It&#x2019;s the tax version of a profit and loss statement. There are specific &#x2026;<\/p>\n","protected":false},"author":2,"featured_media":0,"menu_order":0,"template":"","meta":{"footnotes":""},"class_list":["post-1403","glossary","type-glossary","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Schedule C - Developers, Designers &amp; Freelancers - FreelancingGig<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.freelancinggig.com\/blog\/glossary\/schedule-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Schedule C - Developers, Designers &amp; Freelancers - FreelancingGig\" \/>\n<meta property=\"og:description\" content=\"A freelancer generally files freelance income and expenses on a Schedule C. 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