H.R. 5509 · 113th Congress
College Tuition and Debt Relief Act of 2014
- Stage
- In committee
- Sponsor
- Bruce Braley
- Introduced
- 2014-09-17
- Latest action
- 2014-09-17 · Introduced in House
Summary
College Tuition and Debt Relief Act of 2014 - Amends the Internal Revenue Code to: (1) make permanent the American Opportunity tax credit, (2) increase the allowable amount of such credit and adjust such amount for inflation for taxable years beginning after 2015, and (3) increase the tax deduction for student loan interest and adjust such increased amount for inflation for taxable years beginning after 2015.