H.R.1070: Student Loan Interest Tax Deduction Expansion Act

Overview

H.R. 1070 would tripel the maximum tax deduction on student loan interest, from $2,500 to $7,500 annually. The bill would also increase the maximum allowable income to $100,000 for an individual to claim the deduction.

H.R. 3098 is a simmilar bill introduced

Related Bills

H.R.655

The Student Loan Repayment Assistance Act of 2019 would allow a business-related tax credit for an employer’s payments for employees under a student loan repayment program. The credit is equal to 10% of the amount that an employer pays on behalf of any employee under a program and is refundable for certain small businesses and […]

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H.R.3027

H.R. 3027 would impose a six-year statute of limitations on lenders to enforce collection of defaulted student loan. The legislation would also prohibit “administrative offset,” or the withholding of the payment of other federal benefits to collect on a defaulted loan. Lending institutions would also be prohibited from filing actions for wage garnishment to collect […]

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Contact Your Members of Congress

Our Stance

Watching

Priority

Medium

Bill Number

H.R.1070

Date Introduced

February 07, 2019

Committee

House Ways and Means Committee

Bill Status

Introduced or Prefiled

Sponsor

Rep. David N. Cicilline

Co Sponsors