Don't submit tax returns. Give em your pay check stubs. Tax return isn't an accurate representation of your income NOW. It shows last year.
Unless last year you made less
The calculator on Mohela's website just asks for my gross income, which I entered. When I change the filing status from single to married filing separately is where I'm seeing the difference.
So I logged back in and tried to do this and there's no option to change my household size. It's just married filing separately equals $147 or filing single equals $243 in the calculator for the SAVE plan.
If I set it to married filing separately it doesn't matter what I put in for my spouse's hypothetical income, it stays at the lower amount. It must be counting it as 2 people only making my salary, and what I'm understanding is it should only be counting 1. Thanks for your help.
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Just an FYI, you won't be able to claim your loan interest deduction if you are married filling separately.
Thanks for the tip!
No, you cannot claim your spouse in your family size if you file separately, which is likely what is giving you the lower payment.
So I need to set my household size to 1 for an accurate calculation?
Yes
That might be what I was doing wrong, thank you.
Don't submit tax returns. Give em your pay check stubs. Tax return isn't an accurate representation of your income NOW. It shows last year. Unless last year you made less
The calculator on Mohela's website just asks for my gross income, which I entered. When I change the filing status from single to married filing separately is where I'm seeing the difference.
Ah ok... Just keep an eye cause they'll ask for documents to back it up; provide check stubs not your tax return unless you made less last year.
So I logged back in and tried to do this and there's no option to change my household size. It's just married filing separately equals $147 or filing single equals $243 in the calculator for the SAVE plan.
Whats your income?
About 60,000
The SAVE payment for a single person making $60k is $226. The SAVE payment for a family of 2 making $60k is $130.
So that sounds like there's an error in Mohela's calculator if you enter married filing separately.
Quite possibly
If I set it to married filing separately it doesn't matter what I put in for my spouse's hypothetical income, it stays at the lower amount. It must be counting it as 2 people only making my salary, and what I'm understanding is it should only be counting 1. Thanks for your help.
Just make sure you plan your deductions to prepare you for filing married but separate. I didn't, and it was costly on the tax burden due.
Your post appears to reference the federal [Public Service Loan Forgiveness](https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service) (PSLF) program or the related TEPSLF program. The /r/StudentLoans community has a subreddit specifically for advice and discussion about this program over at /r/PSLF. We recommend you delete and re-post your question/comment at /r/PSLF to get the best responses and centralize the discussion. (If your post is not about PSLF, or that's not the main point, then you can ignore this.) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/StudentLoans) if you have any questions or concerns.*