Deductions & credits

Just to clarify one thing that Bill said ... it is based on your ANNUAL income on the TAX RETURN.  So because you are presumably filing a Joint tax return, it is based on your JOINT income.

 

There is a provision that can lower the repayment in the year of marriage (be sure to check that box), but in most cases that I've seen, that "alternative" calculation does not save any money.