FEATURED BLOG POST

Millennials Are Seeking Prenups—and It Might Just Be Worth Considering

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Our Entrepreneur Program Welcomes Its 2018 Class

We are excited to announce the 2018 class of SoFi Entrepreneurs! These ten companies stood out amongst the hundreds of incredible applications we received, representing a diverse set of industries, backgrounds, and big problems they’re trying to solve. We are excited to ride shotgun and help them all navigate their entrepreneurial journeys. Over the next ten months, we’ll devote our coaching and resources to helping each of these ten companies get off the ground, culminating in our Demo Day in October:

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6 Last-Minute Tax Tips That Could Save You Money in 2017

By John Foley, CFP®

As you’ve no doubt read in the news, the Tax Cuts and Jobs Act of 2017 is about to become law. And while the bill contains over 500 pages of changes to the tax rules for corporations, privately held businesses, and individuals, what you’re probably wondering most is: How will the tax plan affect me?

There are three big changes in the Tax Cuts and Jobs Act that will impact most individual taxpayers:

1) New income tax brackets with lower rates for most taxpayers

2) A higher standard deduction—$12,000 for single filers, $24,000 for married filing joint

3) A $10,000 limit on the combined deduction for state and local income and property tax (and that’s the same whether you’re single or married)

While you can’t change the rules, there are things you might be able to do to potentially lower your overall tax burden this year and next, namely, shifting certain deductions into 2017 and certain income into 2018. But the clock is ticking: These provisions are expected to go into effect on January 1, 2018, so December 31 is the last day you can do anything that impacts your 2017 taxes.

Here are a few important actions you could take before the new tax bill kicks in. Ask your tax preparer if they are right for you.

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SoFi Benefits: Six-Month Grace Period for Graduates Using SoFi ReFi

First of all, congratulations to recent MBA graduates! Many members of the SoFi team have been in your shoes and we know the sense of accomplishment you feel when you finally earn your MBA. While the journey of higher education has come to an end, the journey outside of graduate school is just beginning. For many, the top priority is now to find or a job and to pay off any student loans that you may have accrued.

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