Elston Gunn wrote:bk1 wrote:AVBucks4239 wrote:One important thing to add that I wasn't factoring in earlier: if things continue on their current trajectory, I'll hopefully be married within the next 2-3 years. My girlfriend makes a pretty decent living and, from what I understand, PAYE adjusts your payments based on your joint adjusted gross income.
And if that happens, my repayment estimator shows extremely high loan payments and absolutely no loan forgiveness.
So, if I plan on getting married within 2-3 years, is there any point to doing PAYE?
Read what nony posted above. TLDR: it depends on whether you file separately or jointly, what state you are in, and whether Congress decides to change things up.
Filing separately really fucks your taxes though, so there's also that to consider.
Depends on your situation. With no house/no kids/no education credits, there's not that much difference. If you have any/all of those, it's probably more complicated.