To amend the Internal Revenue Code of 1986 to increase the deduction allowed for student loan interest and the limitation based on income, and for other purposes.
USA115th CongressHR-3573| House
| Updated: 7/28/2017
David N. Cicilline
Democratic Representative
Rhode Island
Cosponsors (5)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Student Loan Interest Tax Deduction Expansion Act This bill amends the Internal Revenue Code, with respect to the tax deduction for interest on qualified education loans, to increase: (1) the dollar limitation on the deduction to $7,500 ($15,000 in the case of a joint return); and (2) the limitation on modified adjusted gross income to $100,000 ($200,000 in the case of a joint return).
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Higher educationIncome tax deductionsInterest, dividends, interest ratesStudent aid and college costs
To amend the Internal Revenue Code of 1986 to increase the deduction allowed for student loan interest and the limitation based on income, and for other purposes.
USA115th CongressHR-3573| House
| Updated: 7/28/2017
Student Loan Interest Tax Deduction Expansion Act This bill amends the Internal Revenue Code, with respect to the tax deduction for interest on qualified education loans, to increase: (1) the dollar limitation on the deduction to $7,500 ($15,000 in the case of a joint return); and (2) the limitation on modified adjusted gross income to $100,000 ($200,000 in the case of a joint return).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
David N. Cicilline
Democratic Representative
Rhode Island
Cosponsors (5)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Higher educationIncome tax deductionsInterest, dividends, interest ratesStudent aid and college costs