Schedule C Calculator
Calculate net profit/loss from self-employment with expense categories.
By Konstantin Iakovlev · Updated April 2026 · Source: SBA — Business Guide
Net Profit/Loss
$66,500.00
SE Tax
$9,396.15
Schedule C Summary
| Gross Revenue | $100,000.00 |
| COGS | -$20,000.00 |
| Gross Profit | $80,000.00 |
| Total Expenses | -$13,500.00 |
| Net Profit | $66,500.00 |
| SE Tax (15.3%) | $9,396.15 |
Use the Schedule C Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
How It Works
Self-employed individuals and single-member LLCs report their business results on Schedule C, and the figure that matters there is net profit or loss. Getting it right drives both accurate income reporting to the IRS and the self-employment tax you owe toward Social Security and Medicare, while taking the guesswork out of sorting income from expenses.
At its core, the calculation subtracts every allowable business expense from your total gross business income, mirroring the layout of IRS Form Schedule C, Profit or Loss from Business. Whatever net profit remains then feeds two separate calculations: your self-employment tax obligation and the adjusted gross income that flows into your federal income tax.
Accuracy here lives or dies on recordkeeping, so track all business income and expenses as they happen rather than reconstructing them in April. If you qualify for the home office deduction, claim it, and stay clear on the line between a genuinely deductible business expense and a personal one, since blurring the two is where audits begin.
Example: Freelance Designer's Schedule C
- 1 Sarah, a freelance graphic designer, has $65,000 in gross receipts for the year. Her business expenses include: $5,000 for a new computer, $1,200 for software subscriptions, $800 for office supplies, $2,000 for professional development courses, and $1,500 for business insurance.
- 2 Gross Income: $65,000. Total Expenses: $5,000 (computer) + $1,200 (software) + $800 (supplies) + $2,000 (education) + $1,500 (insurance) = $10,500. Net Profit = $65,000 - $10,500 = $54,500.
- 3 The Schedule C Calculator would show a net profit of $54,500 for Sarah's freelance business.
- 4 This $54,500 is the amount Sarah will report on her Schedule C for calculating her federal income tax liability and self-employment taxes. She can use this figure to estimate her quarterly tax payments to avoid penalties.
Source: SBA — Business Guide · Last updated: April 2026
Frequently Asked Questions
Who needs to file Schedule C?
What is the difference between Schedule C income and a W-2?
Can I deduct a home office on Schedule C?
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