For salaried employees, if the allowable employment expenses are greater than the associated employment income, the net result is an employment loss, which can be applied against any other source of ...

Discretionary income provides greater detail in that it accounts for non-discretionary costs, which are described as such because of their importance. ... Income - savings - expenses ...

For 2024, the limit will be $1,300 or your earned income plus $450, whichever is greater. But again, the amount can never be greater than the usual standard deduction available for your filing status.

Of course, those expenses may already be fairly low for those who work at home. There’s a widespread rule of thumb that retirees need about 70% to 80% of their pre-retirement income.

For salaried employees, if the allowable employment expenses are greater than the associated employment income, the net result is an employment loss, which can be applied against any other source of ...