HR 3245 · 104th Congress · Taxation
Education Affordability Act of 1996
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1996-04-15)
Plain Language Summary
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Education Affordability Act of 1996 - Amends the Internal Revenue Code to allow an individual a deduction for the amount of qualified higher education expenses paid by the individual. Limits the amount allowed to $5,000 ($2,500 in case of a married individual filing separately). Provides for a limitation based on modified adjusted gross income and other limitations.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Democrats