Non-taxable income +25% annual income

Crossdivided · ‎03-06-2013

Could've sworn I read this somewhere concerning annual income computation but can't find it now, naturally lol...

I thought it was customary to add 25% to nontaxable income...or did I just dream that?

guiness56 · ‎03-06-2013

I have no idea what you are referring to. 25% for what?

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DaBears · ‎03-06-2013

You have me shaking my head!!!!

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Crossdivided · ‎03-06-2013

Gross income equivalent ie 30k nontaxable = 40k taxable income.

I know I've seen it somewhere but maybe it's not relevant to credit. I can't recall exactly I must be getting old -sigh-

StartingOver10 · ‎03-06-2013

I have seen it used when qualifying for a mortgage but I don't know if it applies to anything else

Crossdivided · ‎03-06-2013

Ah ok that must be where I saw it...over on the mortgage forums (which is where this thread probably should have been in the first place...sorry guys).

Shogun · ‎03-06-2013

Never heard of such a thing. I guess I need to spend more time over in the mortgage threads.

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