“Non Taxable”

769 Search Results

769 Search Results

What Is Private Credit?

What Is Private Credit?

https://www.sofi.com/learn/content/what-is-private-credit/

Private credit refers to lending from non-bank financial institutions. Also referred to as direct lending, private credit allows borrowers (typically smaller to mid-sized businesses) to seek financing through avenues other…


Understanding Student Loan Debt and 1099-C

Understanding Student Loan Debt and 1099-C

https://www.sofi.com/learn/content/10990c-student-loan/

…receive a copy. Why? Some student loan debt that’s forgiven is also considered to be taxable income. Recommended: 7 Facts You Didn’t Know About Student Loan Debt Student Loan Forgiveness…


Guide to Credit Card Interest Tax Deductions

Guide to Credit Card Interest Tax Deductions

https://www.sofi.com/learn/content/credit-card-interest-tax-deductible/

…card interest and fees are tax-deductible in some cases. That means every dollar you pay in credit card interest might reduce a dollar of your taxable income. If that sounds…


Are Personal Loans Considered Income?

Are Personal Loans Considered Income?

https://www.sofi.com/learn/content/are-personal-loans-considered-income/

…Steps When Is a Personal Loan Considered Income? While personal loans are generally not considered income and therefore taxable, there are exceptions that borrowers should know about. If you take…


Understanding Perkins Student Loan Forgiveness

Understanding Perkins Student Loan Forgiveness

https://www.sofi.com/learn/content/perkins-student-loan-forgiveness/

…Generally speaking, Perkins loan forgiveness is currently not taxable on a federal level. However, that may change. While forgiven student loan debt is typically considered taxable by the IRS, the…


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