FAA6.J Standards, Fees, and Amounts : 10 Self-Employment Expense Deduction
Self-Employment Expense Deduction
Effective 11/01/2012
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.
Self-employment income due to farming uses actual expenses and has special budgeting procedures. (See Farming Income.)