Self-Employed Individuals

Individuals who are self-employed can subtract the costs below from their Gross Income to get an amount for their net self-employment Income.

  • Car and truck expenses (for travel during the workday, not commuting)
  • Depreciation
  • Employee wages and fringe benefits
  • Property, liability, or business interruption insurance
  • Interest (including mortgage interest paid to banks, etc.)
  • Legal and professional services
  • Rent or lease of business property and utilities
  • Commissions, taxes, licenses and fees
  • Advertising
  • Contract labor
  • Repairs and maintenance
  • Certain business travel and meals