To amend the Internal Revenue Code of 1986 to provide a deduction for higher education expenses.
Education Affordability Act of 1996 - Amends the Internal Revenue Code to allow an individual a deduction for the amount of qualified higher education expenses paid by the individual. Limits the amount allowed to $5,000 ($2,500 in case of a married individual filing separately). Provides for a limitation based on modified adjusted gross income and other limitations.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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