H.R. 941 · 109th Congress
More Money for College Act
- Stage
- In committee
- Sponsor
- Sue Kelly
- Introduced
- 2005-02-17
- Latest action
- 2005-02-17 · Introduced in House
Summary
More Money for College Act - Amends the Internal Revenue Code to: (1) eliminate the dollar limitation applicable to the tax deduction for qualified tuition and related expenses; (2) deny such deduction for taxpayers with adjusted gross incomes exceeding $80,000 ($160,000 for joint returns), adjusted for inflation; and (3) make such deduction permanent.