Should you decide file taxes separately for those who each other possess college loans?
Where this is certainly attractive is when one to doc I mentioned had college loans and you may was going for Public service Mortgage Forgiveness (PSLF). However their PsyD mate did not have finance. So it “breadwinner loophole” manage lower the datically. And therefore manage rather straight down their total cost when you find yourself after the PSLF system.
When you find yourself interested to find out more, here are some Student loan Planner® Podcast Episode 6, where i discuss the “breadwinner loophole” in more detail.
When both spouses have education loan debt and are also into the a keen IDR package, submitting taxes individually gets very little lack of student education loans. (more…)