HR 3048
115th Congress
House
Taxation
Higher education
Income tax deductions
Interest, dividends, interest rates
Student aid and college costs
Student Loan Interest Deduction Act of 2017
Introduced: June 23, 2017
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 5, 2017
Referred to the Subcommittee on Trade.
Jun 23, 2017
Referred to the House Committee on Ways and Means.
Jun 23, 2017
Introduced in House
Plain-English summary
Student Loan Interest Deduction Act of 2017
This bill 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.
What's happening now
Referred to the Subcommittee on Trade.
Committees of jurisdiction
2