Mississippi Administrative Code
Title 18 - HUMAN SERVICES
Part 14 - Supplemental Nutrition Assistance Program (SNAP) Policy Manual
Chapter 20 - Self-Employment
Rule 18-14-20.5 - Allowable Costs of Producing Self-Employment Income
Universal Citation: MS Code of Rules 18-14-20.5
Current through September 24, 2024
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.
7 CFR § 273.11(b)(1)
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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