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HR 2672 110th Congress House Taxation College costs Education Higher education Income tax Tax deductions

Real Access to College Education Act of 2007

Introduced: June 12, 2007 Introduced by: Smith, Adrian Republican · Nebraska See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 12, 2007
Referred to the House Committee on Ways and Means.
Jun 12, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Real Access to College Education Act of 2007 - Amends the Internal Revenue Code to allow individual taxpayers (and their spouses if a joint return is filed) a tax deduction from gross income for post-secondary educational expenses, including tuition and related expenses and room and board. Limits the annual amount of such deduction to $13,150, subject to an adjustment based on the taxpayer's modified adjusted gross income.

What's happening now June 12, 2007

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1