Marriage & Student Loans: Navigating IDR Plans

Marriage and Income-Driven Repayment Plans: Navigating ComplexitiesWhen student loan borrowers on income-driven repayment plans get married, their combined income can lead to higher monthly payments. However, filing taxes separately can prevent this increase. The decision to file jointly or separately involves more than just student loans, as it can impact tax benefits and deductions. Consulting a tax advisor is recommended to navigate these financial decisions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.