HR 5863
116th Congress
House
Taxation
Higher education
Income tax deductions
Interest, dividends, interest rates
Student aid and college costs
Tax treatment of families
To amend the Internal Revenue Code of 1986 to allow married couples to apply the student loan interest deduction limitation separately to each spouse, and for other purposes.
Introduced: February 12, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 12, 2020
Referred to the House Committee on Ways and Means.
Feb 12, 2020
Introduced in House
Plain-English summary
This bill revises the tax deduction for interest on education loans to provide that the $2,500 limitation on such deduction shall apply separately to each taxpayer claiming the deduction.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1