Student Loan Interest Tax Deduction Expansion Act This bill modifies 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 (twice the amount in the case of a joint return).
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Higher educationIncome tax deductionsInterest, dividends, interest ratesStudent aid and college costs
Student Loan Interest Tax Deduction Expansion Act
USA116th CongressHR-1070| House
| Updated: 2/7/2019
Student Loan Interest Tax Deduction Expansion Act This bill modifies 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 (twice the amount in the case of a joint return).