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“After Tax 401k”

466 Search Results

466 Search Results

Can Parents Pay Off Their Children’s Student Loans?

Can Parents Pay Off Their Children’s Student Loans?

https://www.sofi.com/learn/content/parents-paying-student-loans/

…do. 1. Gift Taxes If you choose to pay off your child’s student loan in a lump sum, you may need to file a gift tax return and pay any…


How Much Does it Cost to Adopt a Child?

How Much Does it Cost to Adopt a Child?

https://www.sofi.com/learn/content/cost-to-adopt-a-child/

…visit. Tax Credits for Foster Care (and Other) Adoptions The tax code currently offers an adoption tax credit that can help offset some of the costs involved in adoption, whether…


What Is 401(k) Auto Escalation?

What Is 401(k) Auto Escalation?

https://www.sofi.com/learn/content/401k-auto-escalation/

…employer payroll taxes, because escalated funds are contributed pre-tax by employees. •   It may generate tax credits or deductions for employers. For example, matching contributions may be tax deductible. •  …


How to Negotiate Your Signing Bonus

How to Negotiate Your Signing Bonus

https://www.sofi.com/learn/content/how-to-negotiate-signing-bonus/

…So you’ll have to report that money on your tax return when you file. If the signing bonus is paid with regular pay, it’s taxed as ordinary income. If it…


Can the Government Legally Take Money Out of Your Bank Account?

Can the Government Legally Take Money Out of Your Bank Account?

https://www.sofi.com/learn/content/can-the-government-take-money-out-of-your-account/

…seizes money in a bank account to cover unpaid taxes, it’s called a tax levy. You can also have money removed from your bank account through a process known as…


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