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.

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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.