HR 5719
112th Congress
House
Taxation
Higher education
Income tax deductions
Interest, dividends, interest rates
Student aid and college costs
Student Loan Interest Deduction Act of 2012
Introduced: May 10, 2012
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 10, 2012
Referred to the House Committee on Ways and Means.
May 10, 2012
Introduced in House
Plain-English summary
Student Loan Interest Deduction Act of 2012 - Amends the Internal Revenue Code to: (1) increase the maximum tax deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on such deduction based upon modified adjusted gross income. Makes permanent the elimination of the five-year limitation on such tax deduction.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1