Student Loan Interest Deduction Act of 201 9 This bill modifies the tax deduction for student loan interest to (1) increase the maximum deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on the deduction based upon modified adjusted gross income.
Higher educationIncome tax deductionsInterest, dividends, interest ratesStudent aid and college costs
Student Loan Interest Deduction Act of 2019
USA116th CongressHR-3098| House
| Updated: 6/4/2019
Student Loan Interest Deduction Act of 201 9 This bill modifies the tax deduction for student loan interest to (1) increase the maximum deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on the deduction based upon modified adjusted gross income.