To amend the Internal Revenue Code of 1986 to increase the deduction allowed for student loan interest.
Student Loan Interest Deduction Act of 2019
This bill modifies the tax deduction for student loan interest to (1) increase the maximum 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 the deduction based upon modified adjusted gross income.
Became Public Law No: 116-341.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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