HR 4726 · 117th Congress · Taxation

Student Loan Interest Deduction Act of 2021

Introduced 2021-07-27· Sponsored by Rep. Swalwell, Eric [D-CA-15]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-07-27)

Plain Language Summary

[AI summary unavailable — showing source text] Student Loan Interest Deduction Act of 2021 This bill modifies the tax deduction for student loan interest to (1) increase the maximum deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on the deduction based upon modified adjusted gross income.…

Summarized by Claude AI · Non-partisan · For informational purposes only