“Non Taxable”

769 Search Results

769 Search Results

Are You Asking Yourself: Are 401(k)s Worth It Anymore?

Are You Asking Yourself: Are 401(k)s Worth It Anymore?

https://www.sofi.com/learn/content/is-a-401k-worth-it/

…they reduce taxable income for that year, while Roth 401(k)s allow employees to make after-tax contributions. •   Employer-matching in 401(k)s can provide additional funds, enhancing retirement savings. •   401(k)s have…


What Are Capital Gains Taxes on Rental Properties?

What Are Capital Gains Taxes on Rental Properties?

https://www.sofi.com/learn/content/capital-gains-rental-property/

…much did you claim in depreciation? •   How much did you sell the property for? •   What was your filing status and taxable income in the year you made the…


Prepaid College Meal Plan: Everything You Need to Know | SoFi

Prepaid College Meal Plan: Everything You Need to Know

https://www.sofi.com/learn/content/college-meal-plan/

…Another tax credit you may be eligible for once you start repaying your student loans is the student loan interest deduction. This deduction allows you to reduce your taxable income…


The 5498 Tax Form Explained

The 5498 Tax Form Explained

https://www.sofi.com/learn/content/form-5498/

…custodian to request a corrected form. Form 5498 records both deductible and non-deductible IRA contributions. If you’re using a Roth IRA to save for retirement, for example, tax deduction rules…


Business Insurance: 6 Types to Consider

Business Insurance: 6 Types to Consider

https://www.sofi.com/learn/content/types-of-business-insurance/

…insurance is typically tax-deductible as an ordinary and necessary business expense. Premiums for coverage like liability, property, and workers’ compensation insurance can often be deducted, reducing taxable income. Always consult…


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