HR 5863
116th Congress
House
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.
Taxation
Higher educationIncome tax deductionsInterest, dividends, interest ratesStudent aid and college costsTax treatment of families
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
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Latest action
Referred to the House Committee on Ways and Means.
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.
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
28
Lesko, Debbie
D
Gottheimer, Josh
R
Gosar, Paul A.
R
Banks, Jim
R
Budd, Ted
R
Cline, Ben
R
Cole, Tom
D
Courtney, Joe
Duncan, Jeff
Flores, Bill
D
Garamendi, John
R
Grothman, Glenn
R
Johnson, Dusty
King, Steve
R
LaMalfa, Doug
Lamborn, Doug
D
Larsen, Rick
R
Loudermilk, Barry
McKinley, David
Meadows, Mark
D
Norcross, Donald
R
Norman, Ralph
Riggleman, Denver
Roe, David
R
Smith, Jason
Spano, Ross
Stewart, Chris
Yoho, Ted
Cite this page
U.S. Congress. (2026). H.R. 5863: 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.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-5863/
"H.R. 5863: 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.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-5863/.
H.R. 5863, 116th Cong. (2026), https://openamerica.io/bill/116-HR-5863/.
[H.R. 5863: 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.](https://openamerica.io/bill/116-HR-5863/)