FAA6.J Standards, Fees, and Amounts : 12 Self Employment Expense Deduction
12 Self Employment Expense Deduction
Effective November 01, 2012
 
For CA and NA, the amount allowed for self employment expenses is equal to 40% of the self employment income when there is verification that at least one allowable expense exists.
 
EXCEPTION
Self employment income due to farming uses actual expenses and has special budgeting procedures. (See Farming.)