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HR 1683 117th Congress House Taxation Higher education Income tax exclusion Student aid and college costs

To amend the Internal Revenue Code of 1986 to exclude certain student loan forgiveness from gross income.

Introduced: March 9, 2021 Introduced by: Davis, Danny K. Democratic · Illinois 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
Mar 9, 2021
Referred to the House Committee on Ways and Means.
Mar 9, 2021
Introduced in House
 Plain-English summary Congressional Research Service

This bill modifies the tax treatment of income attributable to the forgiveness of certain student loan indebtedness incurred between 2021 and 2026. It excludes from student gross income, for income tax purposes, income from the discharge of student loans for postsecondary education expenses, private education loans, and loans from certain tax-exempt educational organizations.

What's happening now March 9, 2021

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1