HR 5508 · 113th Congress · Taxation
Student Loan Interest Deduction Fairness Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2014-09-17)
Plain Language Summary
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Student Loan Interest Deduction Fairness Act - Amends the Internal Revenue Code to increase the dollar limitation for the tax deduction for education loan interest to $5,000 in a taxable year for married couples filing joint tax returns (thus eliminating the tax effect known as the marriage penalty).…
Summarized by Claude AI · Non-partisan · For informational purposes only