1078 Search Results
Pros and Cons of Having No State Income Tax
https://www.sofi.com/learn/content/pros-and-cons-of-no-state-income-tax/
Right now, nine states do not charge state income taxes, which means residents in those states don’t need to file a state-level tax return. While an obvious benefit of that is a reduction in their annual tax liability, are there also drawbacks to living in a state without income taxes?Here, learn the pros and cons […]
12 Strategies For Living on a Single Income
https://www.sofi.com/learn/content/living-on-single-income/
Figuring out how to live on one income, either by design or circumstance, can seem daunting. And it may put a lot of financial pressure on that one wage earner. That said, plenty of American households live on a single income. According to the latest government statistics, only one spouse was employed in around a […]
Comparing Operating Income and EBITDA: Similarities and Differences
https://www.sofi.com/learn/content/operating-income-vs-ebitda/
Operating income and EBITDA are both ways to measure a company’s financial performance, but they have some key differences. Operating income is how much a company makes from its core business activities after operating expenses have been taken into account. It’s compliant with the generally accepted accounting principles (GAAP), the accounting standards public companies in […]
How Much Income Is Needed for a $450,000 Mortgage?
https://www.sofi.com/learn/content/income-needed-for-a-450000-mortgage/
The income needed for a $450,000 mortgage varies based on a few factors, but generally speaking, an income of $130,000 would put you in the position to afford a $450,000 mortgage. You can estimate how much you need to make by focusing on principal and interest. Together, these two factors account for a majority of […]
How Much Income Is Needed for a $500,000 Mortgage?
https://www.sofi.com/learn/content/income-needed-for-a-500000-mortgage/
The average homebuyer needs an annual salary of about $150,000 to afford a $500,000 mortgage. However, if you have a lot of debt to your name, such as student loans or credit card debt, you may need to lower your max home price. Several factors beyond income affect how much home you can afford and […]