turbotax icon
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Student loan and tax filing status

I've been seperated, legally married, filing jointly for about 6 years or so.  Wife makes significantly more than I.

I'll have student loans coming due in a few years and am under the impression that as long as we continue to file a joint return, my loan payments will reflect our ability to pay per our combined salaries.  Obviously, I'm only living on my salary alone.

Would it make more sense to start filing as married, filing seperately next year?  Does it make a difference?

Thanks in advance.

This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
3 Replies

Student loan and tax filing status

Can’t say without knowing your entire financial and tax situation. You can do it both ways and choose the one more advantageous. 

Student loan and tax filing status

Well, simply, let's say I make 50,000 and my wife, from whom I seperated, makes 50,000.  Filing taxes as married, joint, makes it appear I'm in a household with 100k in income.

Reality is that I live on my 50k alone.

So I can only assume that my student loan payments will be significantly less if they consider my income as 50k rather than 100k?

Student loan and tax filing status

While it is true that your payments are affected by your AGI, filing separately also affects certain credits and deductions and standard deduction.  Only by comparing the two methods can you see the effect on your entire return. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies