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H.R. 4700

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for student loan interest.
About This Bill
Committee
Latest Action · May 21, 2014
Referred to the House Committee on Ways and Means.
Congress
113th (2013–2015)
Introduced
May 21, 2014
Cosponsors (0)
None
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Summary

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Amends the Internal Revenue Code to increase the limitation on the tax deduction for interest paid on qualified education loans to $5,000 in a taxable year and provide for an annual inflation adjustment to that amount for taxable years beginning after 2015.

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