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bwmccue
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I am on an income based repayment plan for my student loan s. Would it make sense to file my taxes to keep my student loan monthly payment lower?

 
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I am on an income based repayment plan for my student loan s. Would it make sense to file my taxes to keep my student loan monthly payment lower?

How does the formula work for married borrowers?  Your spouse’s income is included in calculating monthly payments even if you file separate tax returns.  However, a borrower may request that only his/her income be included if the borrower certifies that s/he is separated from his/her spouse or is unable to reasonably access the spouse’s income information.  (See Section 4 of the IDR application and recertification form).

http://www.studentloanborrowerassistance.org/repayment/federal-loans/payment-plans/income-based-opti...

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I am on an income based repayment plan for my student loan s. Would it make sense to file my taxes to keep my student loan monthly payment lower?

File your taxes how? Married Separately, maybe?
bwmccue
New Member

I am on an income based repayment plan for my student loan s. Would it make sense to file my taxes to keep my student loan monthly payment lower?

I was thinking of filing married but filing separately. Would that affect the student loan payment?

I am on an income based repayment plan for my student loan s. Would it make sense to file my taxes to keep my student loan monthly payment lower?

Possibly, but it could also hurt you taxwise.
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4144453-is-it-better-to-file-married-jointly-or-married-separately...>

I am on an income based repayment plan for my student loan s. Would it make sense to file my taxes to keep my student loan monthly payment lower?

If you file MFS you cannot get any education credits on your tax return.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I am on an income based repayment plan for my student loan s. Would it make sense to file my taxes to keep my student loan monthly payment lower?

and keep in mind that IBRPs often last several years, during which your tax situation can change.

I am on an income based repayment plan for my student loan s. Would it make sense to file my taxes to keep my student loan monthly payment lower?

How does the formula work for married borrowers?  Your spouse’s income is included in calculating monthly payments even if you file separate tax returns.  However, a borrower may request that only his/her income be included if the borrower certifies that s/he is separated from his/her spouse or is unable to reasonably access the spouse’s income information.  (See Section 4 of the IDR application and recertification form).

http://www.studentloanborrowerassistance.org/repayment/federal-loans/payment-plans/income-based-opti...

I am on an income based repayment plan for my student loan s. Would it make sense to file my taxes to keep my student loan monthly payment lower?

Don't know if filing your tax return will keep your student loan payment lower, but if you are required to file a tax return, you must do so, regardless of the effect on your student loan.

DO I NEED TO FILE A TAX RETURN?

https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return 

Who has to file?

http://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return%3F

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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