H.R. 6594 · 118th Congress
Generating Relief for Academic Debt Using Assisted Tax Efficiency Act
- Stage
- In committee
- Sponsor
- Dan Goldman
- Introduced
- 2023-12-05
- Latest action
- 2023-12-05 · Introduced in House
Summary
Generating Relief for Academic Debt Using Assisted Tax Efficiency Act or the GRADUATE Act
This bill expands the tax deduction for student loan interest to include payments toward principal. It also increases the maximum allowable amount of the deduction.