To amend the Internal Revenue Code of 1986 to allow married couples to apply the student loan interest deduction limitation separately to each spouse, and for other purposes.

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Bill Number

HR 5863

Introduced

Feb 12, 2020

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Higher education Income tax deductions Interest, dividends, interest rates Student aid and college costs Tax treatment of families Taxation

Full Text

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Votes

Summary

This bill revises the tax deduction for interest on education loans to provide that the $2,500 limitation on such deduction shall apply separately to each taxpayer claiming the deduction.

Actions

Feb 12, 2020

Referred to the House Committee on Ways and Means.
Feb 12, 2020

Introduced in House

Amendments

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