H.R. 4700 · 113th Congress
To amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for student loan interest.
- Stage
- In committee
- Sponsor
- Cory Gardner
- Introduced
- 2014-05-21
- Latest action
- 2014-05-21 · Introduced in House
Summary
Amends the Internal Revenue Code to increase the limitation on the tax deduction for interest paid on qualified education loans to $5,000 in a taxable year and provide for an annual inflation adjustment to that amount for taxable years beginning after 2015.