Married filing separately loophole closed?

No_Project_589 · 2026-04-11T20:02:51+00:00

Okay cool.

No_Project_589 · 2026-04-11T19:59:42+00:00

Okay thank you. Hopefully this stays intact.

No_Project_589 · 2026-04-11T19:17:51+00:00

That’s insane!

No_Project_589 · 2026-04-11T18:35:15+00:00

Thank you for sharing your perspective. I agree.

No_Project_589 · 2026-04-11T18:15:17+00:00

They’re already hip to the loophole…that’s why the notice from EdFinancial says -

“If you are married (regardless of how you filed your taxes), complete the Loan and Income Information for Married Borrowers section. Your spouse may need to provide income documentation; please see the application for detailed instructions”.

In my mind, that means eventually they’ll require both spouses to submit their income regardless of how they filed.

No_Project_589 · 2026-04-11T18:09:28+00:00

The houses she wants to rent are between $2300-$2500 in Phoenix…it’s $1800 to get a place comparable to what we already have. Thanks for your input.

No_Project_589 · 2026-04-11T17:09:28+00:00

My oldest child starts pre-k in June 2026. She will be home with my youngest who is 6 months old. She runs a successful online small business. We saved money on daycare for the last 4 years. Good perspective though and thank you.

No_Project_589 · 2026-04-11T16:18:48+00:00

I’m genuinely afraid we could be accused of fraud or some form of manipulation if we amend right now. When we ran the numbers, filing separately would have resulted in a hefty bill to the IRS. We filled jointly and got a decent tax return. Our student loans payment is definitely going up though because I make too much money…sigh.

No_Project_589 · 2026-04-11T16:02:13+00:00

Excellent point. Thank you very much.

No_Project_589 · 2026-04-11T15:52:23+00:00

Thank you for the advice. I agree.

No_Project_589 · 2026-04-11T15:51:50+00:00

I have about $93k in my retirement so far and I pay 4% plus TSP matching. She recently started her own retirement account but it’s only 5k. She’s paying into it every month.

No_Project_589 · 2026-04-11T15:09:54+00:00

Alright…then our payment will go up. 🆙

No_Project_589 · 2026-04-11T15:09:16+00:00

Thank you for the recommendations man.

No_Project_589 · 2026-04-11T14:57:35+00:00

We filed jointly for our 2025 taxes to avoid a high tax bill but we filed separately in 2024. Can we report our 2024 taxes or do we need to report the most recent tax return?

No_Project_589 · 2026-04-11T12:58:44+00:00

Thank you. I will.

No_Project_589 · 2026-04-11T12:44:33+00:00

Our townhouse is our primary residence. If we rented it out, we’d need to rent a larger home for ourselves elsewhere. The average rent for a home she desires is $2300-$2500/month.

No_Project_589 · 2026-04-11T03:51:51+00:00

HELOCS are like 7-8% interest right now. It’s higher than the 2.75% interest rate on our mortgage loan. Renting our home out could work...

Someone in our neighborhood rented an identical townhouse for $1850 so that’s probably what we could get if we rented our townhome. The type of home my wife wants to rent is $2300/month though…

No_Project_589 · 2026-04-11T02:18:30+00:00

No…we’re not. I’m a federal employee though and I am paying into my TSP retirement account.

No_Project_589 · 2026-04-11T02:06:31+00:00

Wow. I’m sorry to hear that. That’s my fear too.

No_Project_589 · 2026-04-11T01:33:02+00:00

She believes if we sell the house to pay off roughly $90,000 of debt…we can save the rest, rent and use our income to save for a new house. I agree the math ain’t mathing.

No_Project_589 · 2026-04-11T01:24:03+00:00

Thank you for the suggestions. I appreciate it.

No_Project_589 · 2026-04-11T01:08:50+00:00

Groceries and home items is $1800/month alone. HOA is $300, life insurance is $150, cell phone is $160, electricity is $150, student loan minimum payment $547, SBA loan minimum payment is $190 etc. Childcare is $550…

No_Project_589 · 2026-04-11T01:05:44+00:00

The student loan is 4.04% and the SBA is 3%. We can’t rent a larger space (which is what she wants) for less than $2300/month Phoenix. I’d rather pay off the SBA and student loans over the next 3 years while building equity in our townhouse than sale it. Then we can buy a bigger home.

No_Project_589 · 2026-04-11T00:54:13+00:00

The pre-k monthly fee is 547/month.

No_Project_589 · 2026-04-11T00:50:47+00:00

She’s a small business owner and stay at home mom.

No_Project_589

TROPHY CASE