Calculating self-employment income for food stamps can be a complex process, as it requires determining your net income after allowable business expenses. Understanding how to calculate your income accurately is crucial for determining your eligibility and benefit amount for the Supplemental Nutrition Assistance Program (SNAP).
Self-employment income is derived from your business activities, including any income from self-employment, farming, or fishing. It’s important to consider allowable business expenses, such as the cost of goods sold, supplies, depreciation, and employee wages, which can reduce your net income and potentially increase your SNAP benefits.
