Summary: H.R.3098 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.3098. Bill summaries are authored by CRS.

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Introduced in House (06/04/2019)

Student Loan Interest Deduction Act of 2019

This bill modifies the tax deduction for student loan interest to (1) increase the maximum 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 the deduction based upon modified adjusted gross income.