“Non Taxable”

767 Search Results

767 Search Results

Are Certificates of Deposit (CDs) Taxable?

Are Certificates of Deposit (CDs) Taxable?

https://www.sofi.com/learn/content/are-certificates-of-deposit-taxable/

If you earn more than $10 in interest on a certificate of deposit (CD), you generally have to report it as taxable income on your tax return. The tax rate…


How to Reduce Taxable Income for High Earners

How to Reduce Taxable Income for High Earners

https://www.sofi.com/learn/content/how-to-reduce-taxable-income-for-high-earners/

…looking to reduce your taxable income, consider making charitable donations and investigating investment strategies that offset gains with losses. Do 401(k) contributions reduce taxable income? Said another way, are IRA…


Should I Put My Bonus Into My 401(k)? Here's What You Should Consider

Should I Put My Bonus Into My 401(k)? Here’s What You Should Consider

https://www.sofi.com/learn/content/bonus-into-401k/

…contributions are maxed out, considering an IRA or a taxable brokerage account is beneficial. •   Allocating a bonus to a 401(k) or IRA can reduce taxable income for the year,…


What Is IRS Form 1099?

What Is IRS Form 1099?

https://www.sofi.com/learn/content/irs-form-1099-explained/

non-employee in the previous year: •   1099-NEC: The IRS implemented this form in 2020 for non-employee compensation (hence the initials NEC). It is replacing the 1099-MISC for many non-employee workers….


What Are Liquid Assets and How Do They Work?

What Are Liquid Assets and How Do They Work?

https://www.sofi.com/learn/content/what-are-liquid-assets/

…or costs associated with the conversion to cash that could impact the final amount. That’s why assets like these are considered illiquid or non-liquid assets. Examples of Non-Liquid Assets •  …


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