119-HR3285
Student Loan Marriage Penalty Elimination Act of 2025
Last action was on 5-8-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 3285
1. Short title2. Student loan interest deduction limitation applied separately to each spouse1. Short title
This Act may be cited as the "Student Loan Marriage Penalty Elimination Act of 2025".
2. Student loan interest deduction limitation applied separately to each spouse
(a) In general - Section 221(b)(1) of the Internal Revenue Code of 1986 is amended to read as follows:
(1) In general - The interest taken into account with respect to a taxpayer for a taxable year under subsection (a) for indebtedness incurred by an individual shall not exceed $2,500.
(b) Conforming amendments - Section 221 of such Code is amended—
(1) - in subsection (b), by striking the heading and inserting "Dollar limitations", and
(2) Denial of double benefit - by amending subsection (e) to read as follows:
(e) Denial of double benefit - No deduction shall be allowed under this section for any amount for which a deduction is allowable under any other provision of this chapter.
(c) Effective date - The amendments made by this section shall apply to taxable years beginning after December 31, 2024.