Comments on: Discretionary Income Calculator For Student Loans https://thecollegeinvestor.com/21666/discretionary-income-calculator/ Navigating Money And Education Sat, 16 Nov 2024 19:42:43 +0000 hourly 1 By: Robert Farrington https://thecollegeinvestor.com/21666/discretionary-income-calculator/#comment-481478 Mon, 21 Oct 2024 16:37:37 +0000 https://thecollegeinvestor.com/?p=21666#comment-481478 In reply to JOHN DOE.

It’s not that straightforward and you need to do the math for it: Math Behind Filing Separate Tax Returns For Student Loans.

]]> By: JOHN DOE https://thecollegeinvestor.com/21666/discretionary-income-calculator/#comment-481477 Mon, 21 Oct 2024 15:57:10 +0000 https://thecollegeinvestor.com/?p=21666#comment-481477 In reply to Robert Farrington.

FILE A SEPARATE RETURN SO ONLY YOUR INCOME QUALIFIES FOR CERTIFICATION

]]> By: Melinda https://thecollegeinvestor.com/21666/discretionary-income-calculator/#comment-470896 Wed, 13 Apr 2022 21:06:55 +0000 https://thecollegeinvestor.com/?p=21666#comment-470896 In reply to Robert Farrington.

Thank you. Looking forward to your unpacking the current Biden proposals/orders.

]]> By: Robert Farrington https://thecollegeinvestor.com/21666/discretionary-income-calculator/#comment-470893 Wed, 13 Apr 2022 17:50:46 +0000 https://thecollegeinvestor.com/?p=21666#comment-470893 In reply to Melinda.

Correct, you simply use the AGI on your 1040. So you can lower your AGI by contributing to an IRA, HSA, 401k, etc. And that will, in turn, lower your student loan payment.

]]> By: Melinda https://thecollegeinvestor.com/21666/discretionary-income-calculator/#comment-470879 Tue, 12 Apr 2022 23:29:45 +0000 https://thecollegeinvestor.com/?p=21666#comment-470879 When calculating the AGI, do we use the AGI that we do on the IRS 1040. In other words, is my gross income reduced by contributions to an IRA? I know this is really old and you probably won’t see it, but thought I’d give it a shot.

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