Sign Up
A 8442 New York Assembly · 2025 Regular Session

Establishes a personal income tax deduction for the interest paid on student loans by certain taxpayers

Summary
Establishes a personal income tax deduction for the interest paid on student loans by individual taxpayers having a federal adjusted income of between $65,000 and $125,000, and married taxpayers filing jointly having a federal adjusted income of between $130,000 and $250,000.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for student loan interest targeting middle-income taxpayers ($65k-$125k individual, $130k-$250k joint), reducing taxable income and offering tax relief.90% confidence ✓ EducationSupports EducationTax deduction for student loan interest reduces financial burden on higher education borrowers, expanding access to college and aligning with educational access indicators.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
Governor
Introduced May 16, 2025 Last action Jan 7, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
May 16, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Tony Simone
Tony Simone
DDemocratic
NY
75