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HR 4726 United States House · 117th Congress

Student Loan Interest Deduction Act of 2021

Summary
Student Loan Interest Deduction Act of 2021 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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill increases tax deduction for student loan interest, providing relief to middle-income borrowers and expanding tax benefits, directly advancing tax policy support.95% confidence ✓ EducationSupports EducationIncreases tax deduction for student loan interest, reducing financial burden on higher education borrowers and improving access to post-secondary education.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2021
Committee Review
Floor Vote
President
Introduced Jul 27, 2021 Last action Jul 27, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jul 27, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Jul 27, 2021
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Eric Swalwell
Eric Swalwell
DDemocratic
CA
14