Hello and thank you in advance for reviewing my question.
My wife and I have always “Married filing separately” because we are educators with student loans and have been on Income Based Repayment plans. We both are about to have our student loans forgiven via the Public Service Loan Forgiveness program (anticipated in the next month). We were wondering if it would be better to file separately or jointly?
If it matters:
We have two dependent children, a mortgage, two separate HSA accounts through our employers (we have it down so we aren’t going over our contribution limits), and I have a 403B and about $1,000 in a silly Robinhood brokerage account.
Additionally, what tier of TurboTax should I use/need?
Thanks in advance!
- Long time Turbo tax users