This is a math problem. Run the numbers and see how much more you would spend if you recertified now versus your new income. Cross-reference that with how much you would save if you didn’t have to pay for three months (assuming you’re going for forgiveness). Choose the option that costs you the least.
Nobody here can tell you which is cheaper since we don’t have any idea what numbers you’re working with.
Also keep in mind that if you certify using a paystub, I don’t believe that they deduct elective like 401(k) deductions… that is done through the tax return only. So for example if you’re putting 25% of your new income into a 401(k), your payment will be calculated based on the your full income, not your income minus the 401(k)… but if you use a tax return, then the 401(k) bumps your AGI down so that’s what they are using to determine your payment.
The_Bees_Knee6 on
It is usually advantageous to certify with your AGI as filed on your 2025 taxes than GI from a current paystub.
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This is a math problem. Run the numbers and see how much more you would spend if you recertified now versus your new income. Cross-reference that with how much you would save if you didn’t have to pay for three months (assuming you’re going for forgiveness). Choose the option that costs you the least.
Nobody here can tell you which is cheaper since we don’t have any idea what numbers you’re working with.
Also keep in mind that if you certify using a paystub, I don’t believe that they deduct elective like 401(k) deductions… that is done through the tax return only. So for example if you’re putting 25% of your new income into a 401(k), your payment will be calculated based on the your full income, not your income minus the 401(k)… but if you use a tax return, then the 401(k) bumps your AGI down so that’s what they are using to determine your payment.
It is usually advantageous to certify with your AGI as filed on your 2025 taxes than GI from a current paystub.