My wife has about 150k in student loans she doesn’t owe anything till January 2027. We just had our first kid last year and bc of this got an extension to not pay till then. I make about 125k. If we file joint and I claim our child as a dependent does that make her future min. payment go up? Or will they take the extension off after taxes are filed? Should we file separately and if so who claims our child as the dependent
Edit: my wife makes $50/hr if that matters…
How to file taxes with student loans?
byu/Dontmindmejustsearch inStudentLoans
Posted by Dontmindmejustsearch
3 Comments
I’m no tax pro but have been dealing with $350 k in student loan… graduated in 1999. I have always claimed married but separate. That way they didn’t take both of our wages together…
Don’t I wish. I WISH I went to med school. Instead I went to Chiropractic school … 289k original loan.
Yes your payment will go up for sure filing jointly. If you file MFS it’ll only count your wife’s income. I think anyone can claim the dependent. Perhaps it can go to your wife. Maybe that’ll lower her payment.