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.
Allows taxpayers to subtract interest paid on an education loan and education debt from federal adjusted gross income.
Reducing federal adjusted gross income for interest paid on student loans
Allows a deduction from federal adjusted gross income for interest payments on outstanding student loans.
Allows a deduction from federal adjusted gross income for interest payments on outstanding student loans.
Reducing federal adjusted gross income for interest paid on student loans
Provides gross income tax deductions for certain education loan payments made by certain taxpayers.
Provides gross income tax deductions for certain education loan payments made by certain taxpayers.
Allows gross income tax deduction for employees for amounts paid by employers for certain educational assistance programs for employees and for employee's student loans.
Allows gross income tax deduction for employees for amounts paid by employers for certain educational assistance programs for employees and for employee's student loans.