20.5 Allowable Costs of Producing Self-Employment Income.

Most costs of producing self-employment income are deductible, with some exceptions. Allowable self-employment expenses include, but are not limited to: A. Labor expenses, including employer taxes, insurance premiums, and wages; B. Insurance premiums for buildings, business vehicles, machinery, and trade; C. Payments (principal and interest) for the purchase prices of income-producing real estate, capital assets, equipment, machinery and payments for maintenance, repairs and storage; D. Supplies such as feed, fertilizer, plants, raw materials, seeds, stock; and E. Taxes paid on income producing property. Source: 7 CFR §273.11(b)(1) Revised: March 2022