H.R. 4726 · 117th Congress
Student Loan Interest Deduction Act of 2021
- Stage
- In committee
- Sponsor
- Eric Swalwell
- Introduced
- 2021-07-27
- Latest action
- 2021-07-27 · Introduced in House
Summary
Student Loan Interest Deduction Act of 2021
This bill modifies the tax deduction for student loan interest to (1) increase the maximum 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 the deduction based upon modified adjusted gross income.