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H.R.3048 - Student Loan Interest Deduction Act of 2017115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Swalwell, Eric [D-CA-15] (Introduced 06/23/2017)
Committees: House - Ways and Means
Latest Action: House - 07/05/2017 Referred to the Subcommittee on Trade.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

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Summary: H.R.3048 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3048. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/23/2017)

Student Loan Interest Deduction Act of 2017

This bill amends the Internal Revenue Code to: (1) increase the maximum tax 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 such deduction based upon modified adjusted gross income.