H.R. 1683 · 117th Congress

To amend the Internal Revenue Code of 1986 to exclude certain student loan forgiveness from gross income.

Stage
In committee
Introduced
2021-03-09
Latest action
2021-03-09 · Introduced in House

Summary

This bill modifies the tax treatment of income attributable to the forgiveness of certain student loan indebtedness incurred between 2021 and 2026. It excludes from student gross income, for income tax purposes, income from the discharge of student loans for postsecondary education expenses, private education loans, and loans from certain tax-exempt educational organizations.