Summary: S.1973 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.1973. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (08/05/2015)

Amends the Internal Revenue Code to: (1) allow an unlimited tax deduction for student loan interest, (2) repeal the dollar limitation on the tax deduction for qualified tuition and related expenses and make such deduction permanent; (3) allow a carryover to succeeding taxable years of amounts of the deduction for qualified tuition and related expenses that exceed a taxpayer's taxable income; and (4) repeal the dollar limitation on contributions to a Coverdell Education Savings Account.