Student Loan Tax Relief Act
- Last Action
- 3/3/2021
Actions
- 2021-03-03Referred to the House Committee on Ways and Means.
- 2021-03-03Introduced in House
- 2021-03-03Introduced in House
CRS Summary
As of 2021-03-03 (00)
Student Loan Tax Relief Act
This bill modifies tax provisions allowing an exclusion from gross income for income arising from discharges of student loan debt after January 31, 2020. This includes loans for postsecondary educational expenses, private education loans, and loans made by tax-exempt educational organizations.
The bill eliminates the temporary expiration date for the exclusion and the death or total and permanent disability requirement for a discharge.
Cosponsors (1)
- WILLIAM PASCRELL (D-NJ)
Subjects
- Government lending and loan guarantees
- Higher education
- Income tax exclusion
- Student aid and college costs
Sourced from Congress.gov (public domain).
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