HOUSE 1683117th CongressReferred to the House Committee on Ways and Means.
To amend the Internal Revenue Code of 1986 to exclude certain student loan forgiveness from gross income.
- Last Action
- 3/9/2021
Actions
- 2021-03-09Referred to the House Committee on Ways and Means.
- 2021-03-09Introduced in House
- 2021-03-09Introduced in House
CRS Summary
As of 2021-03-09 (00)
This bill modifies the tax treatment of income attributable to the forgiveness of certain student loan indebtedness incurred between 2021 and 2026. It excludes from student gross income, for income tax purposes, income from the discharge of student loans for postsecondary education expenses, private education loans, and loans from certain tax-exempt educational organizations.
Subjects
- Higher education
- Income tax exclusion
- Student aid and college costs
Sourced from Congress.gov (public domain).
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