My Plan for the Student Loan Tax Bomb
The student loan tax bomb may or may not happen. My plan uses a Roth IRA to save for retirement and prepare for big tax bill.
Latest Posts in Taxes
Student loans and taxes are more connected than you think. This section breaks down how repayment plans, tax deductions, and forgiveness impact your annual tax return.
Refinancing and the Student Loan Interest Tax Deduction
For most borrowers, a student loan refinance will not change eligibility for the student loan interest tax deduction.
Will Getting an Inheritance or Large Gift Increase My Student Loan Payments?
In most cases an inheritance or gift won’t impact your monthly student loan payments, but there is at least one exception that could cause payments to go up.
Taxes and Student Loans: Married Filing Jointly or Married Filing Seperately?
Married couples on IDR plans need to carefully consider the pros and cons of filing taxes separately. It could mean a huge savings on your monthly student loan bill.
Sheltering Income for lower Student Loan Payments
It is possible for student loan borrowers to have income excluded from their income-driven repayment plan calculations.
Why rush to pay off my student loans if I can deduct the interest?
A student loan interest deduction is a nice perk at tax time, but it isn’t valuable enough to change student loan repayment strategy.
The Benefits of Using Tax Refunds to Pay Down Student Loans
Using a tax refund to knock out student debt isn’t sexy, but it has some major advantages.
Using Tax Time To Review Your Student Loan Plan
Tax time is a great opportunity to do a quick checkup on your student loans. There are plenty of ways to save money on future payments.
