US HB1070 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on February 7 2019 - 25% progression, died in committee
Action: 2019-02-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2019 - 25% progression, died in committee
Action: 2019-02-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the tax deduction for interest on qualified education loans to increase (1) the dollar limitation on the deduction to $7,500 ($15,000 in the case of a joint return), and (2) the limitation on modified adjusted gross income to $100,000 (twice the amount in the case of a joint return).
Title
Student Loan Interest Tax Deduction Expansion Act
Sponsors
| Rep. David Cicilline [D-RI] | Rep. Brendan Boyle [D-PA] | Rep. Jamie Raskin [D-MD] | Rep. Alcee Hastings [D-FL] |
| Rep. Jennifer Wexton [D-VA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-07 | House | Referred to the House Committee on Ways and Means. |
| 2019-02-07 | House | Introduced in House |
Subjects
Higher education
Income tax deductions
Interest, dividends, interest rates
Student aid and college costs
Taxation
Income tax deductions
Interest, dividends, interest rates
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/1070/all-info |
| Text | https://www.congress.gov/116/bills/hr1070/BILLS-116hr1070ih.pdf |
