- Joined
- Jan 24, 2015
- Messages
- 6
- Reaction score
- 2
Hi all,
My future wife will still be a resident and then fellow for another three years while I am an attending. I am not in PSLF, but she is and has another 5 years in it.
Once married do you file "married filing single (MFS)" or "married filing jointly. (MFJ)" All the literature on this topic is very confusing, but it appears that filing MFJ will max out the PAYE portion of the IBR of the PSLF program to the 10 year repayment rate. FIling MFS will minimize her monthly payments for PSLF. However, the tax implications for me filing MFS looks like it would be a huge hit given the different tax brackets.
For those who have been in similar situations what have you done? Are there any resources besides hiring an accountant to do the math on this?
Thank you!
My future wife will still be a resident and then fellow for another three years while I am an attending. I am not in PSLF, but she is and has another 5 years in it.
Once married do you file "married filing single (MFS)" or "married filing jointly. (MFJ)" All the literature on this topic is very confusing, but it appears that filing MFJ will max out the PAYE portion of the IBR of the PSLF program to the 10 year repayment rate. FIling MFS will minimize her monthly payments for PSLF. However, the tax implications for me filing MFS looks like it would be a huge hit given the different tax brackets.
For those who have been in similar situations what have you done? Are there any resources besides hiring an accountant to do the math on this?
Thank you!