There are two ways to get your student loans forgiven — and the one nobody talks about could leave you with a six-figure tax bill.
Most physicians know PSLF. Far fewer understand taxable forgiveness — the IDR path that hands you a massive tax bill 20 years down the road. Jimmy and Justin break down a real listener question (anesthesiologist + dentist, $400K in loans at 7%) to show why “married filing separately” math isn’t as clean as it looks, and why your repayment plan now hinges on a looming July 2026 deadline.
What you’ll learn:
- Why PSLF is tax-free federally (and in every state but Mississippi) — and that it’s still happening
- How taxable forgiveness creates a 15–20 year tax bomb you have to plan for
- Why consolidating after mid-2026 can lock you out of IBR for good
- When “invest the difference” actually loses to aggressive payoff
- How to choose a plan you’ll actually stick to
Resources:
- 💵 Looking for a CPA that does more than just file taxes each year? Check out Gelt, the proactive tax strategy partner that Jimmy personally uses, and receive 10% off the first year through the MMM link.
- 🎓 Residents & Fellows: It’s crucial to get disability insurance before you finish training. Get it from an disability insurance agency with the lowest denial rate for physicians in the industry: Money Meets Medicine Disability Insurance.
- Looking to refinance your private student loans? Click here to get the lowest interest rate out there.
- Need help figuring out your student loan plan? Click here to save $100 on a student loan consult.
- 📘 Not sure where to get started on your financial literacy journey? Download a free copy of Dr. Jimmy Turner’s book: The Physician Philosopher’s Guide to Personal Finance.
