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.

United States115th CongressHR-3573House of Representatives
Latest legislative activity: Jul 28, 2017

Summary

Official Summary

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).

Bill texts

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Introduced (House)View official text

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Timeline

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

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