Legis Daily

Student Loan Interest Tax Deduction Expansion Act

USA116th CongressHR-1070| House 
| Updated: 2/7/2019
David N. Cicilline

David N. Cicilline

Democratic Representative

Rhode Island

Cosponsors (4)
Jennifer Wexton (Democratic)Brendan F. Boyle (Democratic)Jamie Raskin (Democratic)Alcee L. Hastings (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 7, 2019
Introduced in House
Feb 7, 2019
Referred to the House Committee on Ways and Means.
  • February 7, 2019
    Introduced in House


  • February 7, 2019
    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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 7, 2019
Introduced in House
Feb 7, 2019
Referred to the House Committee on Ways and Means.
  • February 7, 2019
    Introduced in House


  • February 7, 2019
    Referred to the House Committee on Ways and Means.
David N. Cicilline

David N. Cicilline

Democratic Representative

Rhode Island

Cosponsors (4)
Jennifer Wexton (Democratic)Brendan F. Boyle (Democratic)Jamie Raskin (Democratic)Alcee L. Hastings (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Higher educationIncome tax deductionsInterest, dividends, interest ratesStudent aid and college costs