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Student Loan Interest Deduction: Separate Limits for Married Couples

This bill aims to simplify student loan interest deductions for married couples. Currently, the deduction limit applies to both spouses combined, which can be disadvantageous. The new rules will allow each spouse to deduct interest separately, potentially increasing the total tax relief for couples repaying student loans.
Key points
Each spouse can separately deduct up to $2,500 in student loan interest.
This change may reduce income tax for married couples repaying student loans.
The provisions will apply to tax years beginning after December 31, 2020.
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Expired
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Additional Information
Print number: 117_HR_3196
Sponsor: Rep. Hartzler, Vicky [R-MO-4]
Process start date: 2021-05-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Student Loan Marriage Penalty Elimination Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3196.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-13.

What are the main provisions?

Key points include:

  • Each spouse can separately deduct up to $2,500 in student loan interest.
  • This change may reduce income tax for married couples repaying student loans.
  • The provisions will apply to tax years beginning after December 31, 2020.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hartzler, Vicky [R-MO-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Education Family