To amend the Internal Revenue Code of 1986 to expand the deduction for student loan interest to include payments toward principal, and to increase the value of the deduction.
About This Bill
Committee
Latest Action · December 5, 2023
Referred to the House Committee on Ways and Means.
Generating Relief for Academic Debt Using Assisted Tax Efficiency Act or the GRADUATE Act
This bill expands the tax deduction for student loan interest to include payments toward principal. It also increases the maximum allowable amount of the deduction.
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