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Student Loan Interest Deduction for Married Couples

This act aims to simplify student loan interest deductions for married couples. Each spouse will be able to individually deduct up to $2,500 in student loan interest, potentially lowering their combined tax bill. These changes will apply to tax years beginning after December 31, 2022.
Key points
Married couples can now individually deduct student loan interest, potentially increasing their total tax relief.
The maximum student loan interest deduction remains $2,500 per individual.
The act prevents claiming the same interest deduction multiple times on tax forms.
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Additional Information
Print number: 118_HR_5920
Sponsor: Rep. Grothman, Glenn [R-WI-6]
Process start date: 2023-10-25
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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 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5920.

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 2023-10-25.

What are the main provisions?

Key points include:

  • Married couples can now individually deduct student loan interest, potentially increasing their total tax relief.
  • The maximum student loan interest deduction remains $2,500 per individual.
  • The act prevents claiming the same interest deduction multiple times on tax forms.
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. Grothman, Glenn [R-WI-6].

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 2025-12-25.

CATEGORIES

Taxes Education Family