Summary: H.R.2551 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.2551. Bill summaries are authored by CRS.

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Introduced in House (05/19/2017)

Student Loan Debt Relief Act

This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to: (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee; (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs; and (3) increase the maximum deduction and the income limitation for the deduction for interest on education loans.