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To amend the Internal Revenue Code of 1986 to exclude certain student loan forgiveness from gross income.

USA117th CongressHR-1683| House 
| Updated: 3/9/2021
Danny K. Davis

Danny K. Davis

Democratic Representative

Illinois

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill modifies the tax treatment of income attributable to the forgiveness of certain student loan indebtedness incurred between 2021 and 2026. It excludes from student gross income, for income tax purposes, income from the discharge of student loans for postsecondary education expenses, private education loans, and loans from certain tax-exempt educational organizations.
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Timeline
Mar 9, 2021
Introduced in House
Mar 9, 2021
Referred to the House Committee on Ways and Means.
  • March 9, 2021
    Introduced in House


  • March 9, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 117-1319: American Rescue Plan Act of 2021
Higher educationIncome tax exclusionStudent aid and college costs

To amend the Internal Revenue Code of 1986 to exclude certain student loan forgiveness from gross income.

USA117th CongressHR-1683| House 
| Updated: 3/9/2021
This bill modifies the tax treatment of income attributable to the forgiveness of certain student loan indebtedness incurred between 2021 and 2026. It excludes from student gross income, for income tax purposes, income from the discharge of student loans for postsecondary education expenses, private education loans, and loans from certain tax-exempt educational organizations.
View Full Text

Suggested Questions

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

Timeline
Mar 9, 2021
Introduced in House
Mar 9, 2021
Referred to the House Committee on Ways and Means.
  • March 9, 2021
    Introduced in House


  • March 9, 2021
    Referred to the House Committee on Ways and Means.
Danny K. Davis

Danny K. Davis

Democratic Representative

Illinois

Ways and Means Committee

Taxation

Related Bills

  • HR 117-1319: American Rescue Plan Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Higher educationIncome tax exclusionStudent aid and college costs