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Married filing separately for IBR, or not worth it?

Posted 07 August 2013 07:19 PM

orlavagrl Newbie

Total Posts: 1

Joined 2013-08-07

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I work for the state and make 45k per year, with 52k in student loan debt.  I could consolidate my loans (with another loan company) over to direct and qualify for the 10-year forgiveness (PSFP), however my spouse (also in public service with 15k in student loan debt) makes 55k per year, which puts us married filing jointly over the IBR qualifications.  When is it worth consolidating and filing taxes separately?

Posted 08 August 2013 10:01 AM #1

James Administrator
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Total Posts: 40

Joined 2012-06-20

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Hello.  Here are a couple of recent posts in which Heather has addressed this topic:
http://askheatherjarvis.com/forums/viewthread/72/.
http://askheatherjarvis.com/blog/student-loans-and-the-tax-man.
http://askheatherjarvis.com/forums/viewthread/8911/#1754.
http://askheatherjarvis.com/forums/viewthread/99/#186.

I hope this helps.  Please let us know if you still have questions after reviewing them.

Best,

James Jarvis
Communications Director
Heather Jarvis, Student Loan Expert LLC

     

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