To amend the Internal Revenue Code of 1986 to restore the deduction for interest on certain educational loans.
Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred to pay the educational expenses of the taxpayer, spouse, or dependent. Allows such deduction only for the first 48 months of loan repayment.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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