Student Loan Marriage Penalty Elimination Act of 2023

House Bill 5920 - Student Loan Marriage Penalty Elimination Act of 2023: Overview, Status, and Impact

Hozzl · 2023-12-15T16:02:56Z

Explore the details of House Bill 5920 Student Loan Marriage Penalty Elimination Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:02 PM

Congressional Summary of HR 5920

Student Loan Marriage Penalty Elimination Act of 2023

This bill allows married couples filing a joint tax return to apply the $2,500 limitation on the tax deduction for student loan interest separately to each spouse.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 5920

Bill HR 5920 is currently in the status of Bill Introduced since October 11, 2023. Bill HR 5920 was introduced during Congress 118 and was introduced to the House on October 11, 2023. Bill HR 5920's most recent activity was Referred to the House Committee on Ways and Means. as of October 25, 2023

Bipartisan Support of Bill HR 5920

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5920

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5920

Student Loan Marriage Penalty Elimination Act of 2023

To amend the Internal Revenue Code of 1986 to allow married couples to apply the student loan interest deduction limitation separately to each spouse, and for other purposes.