Student Loan Marriage Penalty Elimination Act of 2023

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.

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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
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
38
Democrat Cosponsors
16
Republican Cosponsors
22
Unaffiliated Cosponsors
0

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 2023Student Loan Marriage Penalty Elimination Act of 2023To 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.
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Sponsors and Cosponsors of HR 5920

Glenn Grothman
Glenn Grothman
Wisconsin(Republican)
Joe Wilson
Joe Wilson
South Carolina(Republican)
David J. Trone
David J. Trone
Maryland(Democrat)
Claudia Tenney
Claudia Tenney
New York(Republican)
George Santos
George Santos
New York(Republican)
W. Gregory Steube
W. Gregory Steube
Florida(Republican)

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