Filing status
Income
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Schedule C net — triggers SE tax (§1401).
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Subset of ordinary — taxed at capital-gain rates (§1(h)).
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Adjustments & deductions
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HSA, SE health, IRA, student-loan interest (§62).
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We use the greater of this vs the standard deduction.
Child Tax Credit, §24 — up to $2,000 each.
Affects the §199A QBI phase-out at higher income.
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Only matters for the §199A wage limit once taxable income passes the threshold ($197,300 / $394,600).
Payments
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