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H.R. 509

BillFederalHouseIntroduced
To amend the Internal Revenue Code of 1986 to increase the deduction allowed for student loan interest.
About This Bill
Introduced
Congress
114th (2015–2017)
Introduced
January 22, 2015
Cosponsors (60)
60D 0R
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Summary

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Student Loan Interest Deduction Act of 2015 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.

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