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Student Loan Tax Relief Act

USA117th CongressS-496| Senate 
| Updated: 3/1/2021
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (2)
Elizabeth Warren (Democratic)Patty Murray (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Student Loan Tax Relief Act This bill modifies tax provisions allowing an exclusion from gross income for income arising from discharges of student loan debt after January 31, 2020. This includes loans for postsecondary educational expenses, private education loans, and loans made by tax-exempt educational organizations. The bill eliminates the temporary expiration date for the exclusion and the death or total and permanent disability requirement for a discharge.
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Timeline
Mar 1, 2021
Introduced in Senate
Mar 1, 2021
Read twice and referred to the Committee on Finance.
Mar 3, 2021

Latest Companion Bill Action

HR 117-1564
Introduced in House
  • March 1, 2021
    Introduced in Senate


  • March 1, 2021
    Read twice and referred to the Committee on Finance.


  • March 3, 2021

    Latest Companion Bill Action

    HR 117-1564
    Introduced in House

Taxation

Related Bills

  • HR 117-1564: Student Loan Tax Relief Act
  • HR 117-1319: American Rescue Plan Act of 2021
Government lending and loan guaranteesHigher educationIncome tax exclusionStudent aid and college costs

Student Loan Tax Relief Act

USA117th CongressS-496| Senate 
| Updated: 3/1/2021
Student Loan Tax Relief Act This bill modifies tax provisions allowing an exclusion from gross income for income arising from discharges of student loan debt after January 31, 2020. This includes loans for postsecondary educational expenses, private education loans, and loans made by tax-exempt educational organizations. The bill eliminates the temporary expiration date for the exclusion and the death or total and permanent disability requirement for a discharge.
View Full Text

Suggested Questions

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

Timeline
Mar 1, 2021
Introduced in Senate
Mar 1, 2021
Read twice and referred to the Committee on Finance.
Mar 3, 2021

Latest Companion Bill Action

HR 117-1564
Introduced in House
  • March 1, 2021
    Introduced in Senate


  • March 1, 2021
    Read twice and referred to the Committee on Finance.


  • March 3, 2021

    Latest Companion Bill Action

    HR 117-1564
    Introduced in House
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (2)
Elizabeth Warren (Democratic)Patty Murray (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 117-1564: Student Loan Tax Relief Act
  • HR 117-1319: American Rescue Plan Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government lending and loan guaranteesHigher educationIncome tax exclusionStudent aid and college costs