Student Loan Interest Deduction Act
This legislation would expand the student loan interest deduction by increasing the maximum tax deduction from $2,500 to $5,000 for individuals ($10,000 for joint filers) and would repeal the income-based phase-outs of $65,000 for individuals ($130,000 for joint filers) in the current deduction.
: Rep. Charlie Rangel (D-N.Y.-13) introduced H.R. 509
on Jan. 22, 2015 and it was referred to the House Committee on Ways and Means.