HR 5863
To amend the Internal Revenue Code of 1986 to allow married couples to apply the student loan interest deduction limitation separately to each spouse, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill changes the tax rules regarding student loan interest deductions for married couples. Currently, married couples must combine their student loan interest paid to qualify for the $2,500 deduction. This bill would allow each spouse to claim the deduction separately, up to the $2,500 limit, potentially increasing the amount of interest they can deduct. The changes would take effect starting in 2020.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Vicky Hartzler
Cosponsors
Bill Flores
Chris Stewart
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