Summary: H.R.509 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.509. Bill summaries are authored by CRS.

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Introduced in House (01/22/2015)

Student Loan Interest Deduction Act of 2015

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.