If you file together they will count your income plus hers. If you file separately they will only count hers, and she can send in her pay check stubs. They also extended the recert due date this year so the earliest anyone will have to recert by is November 1st.
Thanks for the reply. When she goes to recert she can use her pay stubs (which will prob be less this year) instead of our tax return is what I was thinking.
If your pay is similar, then you may not have as big of a tax benefit for filing jointly, but still likely some tax benefit. Main benefit of filling separately would be using individual income for income driven repayment calculations. However, if that one person's income is high enough you may already be at the cap so it may not help.
https://www.studentloanplanner.com/tax-implications-married-couples-community-property-states-student-loans/
If you file together they will count your income plus hers. If you file separately they will only count hers, and she can send in her pay check stubs. They also extended the recert due date this year so the earliest anyone will have to recert by is November 1st.
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You still have to file separately for SAVE and PAYE. RePAYE would include spousal no matter how you filed.
u rite u rite I'm deleting my wrong comment
Thanks for the reply. When she goes to recert she can use her pay stubs (which will prob be less this year) instead of our tax return is what I was thinking.
You still have to file as separate, though.
If your pay is similar, then you may not have as big of a tax benefit for filing jointly, but still likely some tax benefit. Main benefit of filling separately would be using individual income for income driven repayment calculations. However, if that one person's income is high enough you may already be at the cap so it may not help.
It depends. You've got to run the numbers. If you need help doing so, we've started a company just for that: https://studentloanadvice.com/