Skip to main content
S 656 101th Congress Senate Taxation Education Income tax Interest Student loan funds Tax deductions

A bill to amend the Internal Revenue Code of 1986 to restore the deduction for interest on educational loans.

Introduced: March 17, 1989 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 1989
Read twice and referred to the Committee on Finance.
Mar 17, 1989
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred to pay the educational expenses, including reasonable living expenses, of the taxpayer, spouse, or dependent.

What's happening now March 17, 1989

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1