H.R. 4363 · 114th Congress
Student Tax Affordability and Relief Act
- Stage
- In committee
- Sponsor
- Austin Scott
- Introduced
- 2016-01-11
- Latest action
- 2016-01-11 · Introduced in House
Summary
Student Tax Affordability and Relief Act
This bill amends the Internal Revenue Code to exclude from an employee's gross income, for income tax purposes, qualified student loan payment assistance provided by an employer. This assistance includes the payment of principal or interest, up to $10,000 in a taxable year, on student loan indebtedness incurred by an employee for higher education expenses.