Hello! I would much appreciate sound advice. I will try to quickly summarize the situation:
Couple resides in the USA.
Husband has student loan debt = approx 18,000 USD.
Husband has no taxable income (no official job).
Husband is currently enrolled in Income Based Repayment plan, with payments of zero per month.
Wife has career with gross income of approximately 48,000 USD.
Wife's children are grown and flown; one 21 year old daughter in college (not sure if this effects anything).
In this situation, does it make sense for the couple to file jointly or separately? Which would yield the better financial outcome? Specifically, filing jointly may bring higher tax savings, but also subject wife to paying husband's student loans.
Help much appreciated! :)
Submitted May 03, 2018 at 05:40PM by ILoveKombucha https://ift.tt/2rjVAYn
