“Non Taxable”

769 Search Results

769 Search Results

Guide to Idle Funds: Where to Put Them

Guide to Idle Funds: Where to Put Them

https://www.sofi.com/learn/content/what-are-idle-funds/

…before maturity. Brokerage Account Brokerage accounts are designed to hold money that you invest. For example, you can open a taxable investment account or a tax-deferred individual retirement account (IRA)…


Guide to 457 Retirement Plans

Guide to 457 Retirement Plans

https://www.sofi.com/learn/content/457-retirement-plan/

…These contributions can be made through elective salary deferrals or nonelective employer contributions. Employees can opt to make after-tax contributions or designated Roth contributions to their plan. Employers are not…


All You Need to Know About Mortgage Credit Certificates (MCCs)

All You Need to Know About Mortgage Credit Certificates (MCCs)

https://www.sofi.com/learn/content/mortgage-credit-certificate/

…An MCC is a dollar-for-dollar federal tax credit of up to $2,000 on the mortgage interest paid annually. It’s a nonrefundable credit, which just means that the amount of your…


Money Market Account vs Certificate of Deposit

Money Market Account vs Certificate of Deposit

https://www.sofi.com/learn/content/money-market-account-vs-certificate-of-deposit/

…(CDs) and money market accounts (MMAs), the interest you earn is considered taxable income. You will receive a Form 1099-INT from your bank at the end of the year, which…


Property Tax and Your Mortgage: Everything You Need to Know

Property Tax and Your Mortgage: Everything You Need to Know

https://www.sofi.com/learn/content/are-property-taxes-included-in-mortgage-payments/

…your home by the tax rate. Some states allow for an exemption to reduce the taxable value. Florida, for example, offers a homestead exemption of up to $50,000 on a…


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