Hello everyone,
So I'm buying a house and I have to figure out my "net income" -- I know this includes deductions for taxes, but does this also include deductions for rent, living expenses etc.? Some help please!! Thanks! E
Hello everyone,
So I'm buying a house and I have to figure out my "net income" -- I know this includes deductions for taxes, but does this also include deductions for rent, living expenses etc.? Some help please!! Thanks! E





For your purposes, 'net income' equals gross reported income to the IRS minus income taxes paid.
Thanks Melonie! That's what I thought---just wanted to check! Best, E
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