10 Self-Employment Expense Deduction

FAA6.J Standards, Fees, and Amounts : 10 Self-Employment Expense Deduction

Self-Employment Expense Deduction

For CA and NA, the amount allowed for self-employment expenses is equal to 55% of the self-employment income when there is verification that self-employment income exists.

EXCEPTION

Self-employment income due to farming uses actual expenses and has special budgeting procedures. (See Farming Income.)