Student Loan Interest Deduction Act of 2021
USA117th CongressHR-4726| House
| Updated: 7/27/2021
Eric Swalwell
Democratic Representative
California
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Student Loan Interest Deduction Act of 2021 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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Higher educationIncome tax deductionsInterest, dividends, interest ratesStudent aid and college costs
Student Loan Interest Deduction Act of 2021
USA117th CongressHR-4726| House
| Updated: 7/27/2021
Student Loan Interest Deduction Act of 2021 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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Eric Swalwell
Democratic Representative
California
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Higher educationIncome tax deductionsInterest, dividends, interest ratesStudent aid and college costs