H.R. 3048 · 115th Congress
Student Loan Interest Deduction Act of 2017
- Stage
- In committee
- Sponsor
- Eric Swalwell
- Introduced
- 2017-06-23
- Latest action
- 2017-07-05 · Referred to the Subcommittee on Trade.
Summary
Student Loan Interest Deduction Act of 2017
This bill amends the Internal Revenue Code to: (1) increase the maximum tax deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on such deduction based upon modified adjusted gross income.