“Non Taxable”

769 Search Results

769 Search Results

What is an Underwater Mortgage and How to Deal With It

What is an Underwater Mortgage and How to Deal With It

https://www.sofi.com/learn/content/how-to-deal-with-underwater-mortgage/

…clean but your credit will be badly damaged and you’ll likely have to wait seven years before getting another mortgage. In addition, the canceled mortgage amount may count as taxable


Mortgage Interest Deduction Explained

Mortgage Interest Deduction Explained

https://www.sofi.com/learn/content/mortgage-interest-deduction/

…or improving a primary home against taxable income, lowering the amount of taxes owed. The tax deduction also applies if you pay interest on a condominium, cooperative, mobile home, boat,…


25 Tax Deductions for Freelancers

25 Tax Deductions for Freelancers

https://www.sofi.com/learn/content/how-to-do-taxes-as-a-freelancer/

…If you earn $182,100 or less as a single filer (or $364,200 as a joint filer) in 2023, you may qualify for a 20% deduction on your taxable business income…


Guide to Understanding Different Personal Finance Ratios

Guide to Understanding Different Personal Finance Ratios

https://www.sofi.com/learn/content/important-personal-finance-ratios/

…traditional and Roth IRAs and taxable accounts earmarked for retirement. Do not include your emergency fund or college savings accounts. Compare that savings to your annual gross income (your earnings…


7 Life Events You Should Financially Prepare For

7 Life Events You Should Financially Prepare For

https://www.sofi.com/learn/content/financial-life-events/

…Uncle Sam to help. By contributing to tax-advantaged savings accounts like traditional 401(k)s and individual retirement accounts (IRAs), your contributions are made before tax, reducing your current taxable income. That…


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