H.R. 4020 · 113th Congress

Student Loan Forgiveness Tax Repayment Act of 2014

Stage
In committee
Introduced
2014-02-06
Latest action
2014-02-06 · Introduced in House

Summary

Student Loan Forgiveness Tax Repayment Act of 2014 - Amends the Internal Revenue Code to allow taxpayers to include their imputed income from the discharge of student loan indebtedness due to death or disability in gross income, for income tax purposes, ratably over a 15-year period beginning with the taxable year of the discharge.

Provides that any imputed income from the discharge of student loan indebtedness by reason of death or disability shall be disregarded for purposes of determining eligibility for any federal means-tested program.