• Schedule only offers itemized deductions.A young woman holding a pen, doing her taxes image by Christopher Meder from Fotolia.com
  
  

As Much as Possible

• You should use Schedule C on your 1040 tax form to deduct as many businesses expenses as possible, such as business travel costs and a home office, according to Intuit. As long as you have a legitimate claim for the deduction, the Internal Revenue Service wont object.
  
  

None If You Do Not Qualify

• The IRS only includes Schedule C for people who take self-employment deductions, according to the IRS website. If you do not have have any expenses or income related to a home business, you cannot itemize any deduction on Schedule C.
  
  

Bottom Line

• It is to your benefit to take the maximum number of deductions available to you under Schedule C as it reduces your tax obligation. You might, however, want to make sure that the deductions you claim are legitimate under IRS tax code.