The Student Loan Marriage Penalty Elimination Act of 2025 would change how married couples claim the student loan interest tax deduction. Currently, married couples filing jointly face a combined $2,500 limit on deducting student loan interest, which can penalize dual-earner households with multiple student loans. This bill would allow each spouse to claim the $2,500 deduction separately, effectively doubling the maximum deduction available to married couples from $2,500 to $5,000 total. The change would apply to tax years beginning after December 31, 2024, and affects any married couples with student loan debt who file their taxes jointly. The bill has bipartisan support and would provide tax relief with no specific funding mechanism mentioned, as it involves allowing taxpayers to keep more of their income rather than appropriating new government spending.
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