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What else can I help you with?
Is your income tax return qualify as income?
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
Does year end cash balances count against net income?
Cash balances do not affect net income. The year end cash balance will be reflected on the Balance Sheet and Statement of Cash Flows.
Do deposits count as income?
no Yes.
Does selling old furniture count as income and do you have to pay income taxes on it?
yes
Does escrow count against debt to income ratio?
Yes, escrow payments can count against your debt-to-income (DTI) ratio. When calculating DTI, lenders typically include all recurring monthly obligations, which can include escrow payments for property taxes and homeowners insurance. This means that if you have an escrow account, the monthly contributions to that account will be factored into your overall debt obligations when assessing your financial profile for loans.
Does a 401k loan count against my debt-to-income ratio (DTI)?
Yes, a 401k loan does count against your debt-to-income ratio (DTI) because it is considered a debt that you are obligated to repay. This can impact your ability to qualify for other loans or credit.
Do 401k loans count against debt-to-income ratio (DTI)?
Yes, 401k loans do count against the debt-to-income ratio (DTI) because they are considered a form of debt that must be repaid. This can impact a person's ability to qualify for additional loans or credit.
Does a 401k loan count against my debt to income ratio?
Yes, a 401k loan typically counts as debt in your debt-to-income ratio calculation.
Does other financial resources affect child support amounts?
It depends, if you have a trust fund that gives you money every month, yeah, that would count. If you have a credit card with a million dollar limit, no that doesn't count. Rental property income would. Any taxable income is a consideration.
Does rental property count as a residence?
Only if it was purchased as a second home. Check with your lender. Otherwise it is just income or loss. You can usually depreciate the house for a loss. Check with your tax person for that.
Does a parent's income count against 17-year-olds applying for financial aid for students?
Yes, a parent's income does count when a 17-year-old is applying for financial aid for students. The Free Application for Federal Student Aid (FAFSA) requires information about the parent's income and financial situation to determine the student's eligibility for federal student aid.
Does a 401k loan count against the debt to income ratio for a conventional loan?
Yes, a 401k loan typically counts against the debt-to-income ratio for a conventional loan because it is considered a liability that affects your ability to repay the loan.
Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
Do capital gains count as income for a Roth IRA?
Capital gains do not count as income for a Roth IRA.
Do loans count as income for taxes?
Loans do not count as income for taxes because they are considered borrowed money that must be repaid, not earned income.
Does Social Security disability income count as income for medicaid?
Social Security benefits (retirement and disability) count as income for Medicaid. However, Supplemental Security Income (SSI) does not count as income for Medicaid.
Do loans count as income for tax purposes?
No, only that money which you earn or interest from investments count as income and it is only income that is taxed, not money that you borrow.
