To amend the Internal Revenue Code of 1986 to increase the deduction allowed for student loan interest.
Student Loan Interest Deduction Act of 2012 - Amends the Internal Revenue Code to: (1) increase the maximum tax 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 such deduction based upon modified adjusted gross income. Makes permanent the elimination of the five-year limitation on such tax deduction.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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