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Tax relief for dental faculty: loan repayments excluded from income.

This act aims to exclude certain federally subsidized loan repayments for dental school faculty from gross income. This means that dental faculty receiving federal loan repayment assistance will not have to pay income tax on those amounts. This could encourage more dental professionals to pursue careers in dental education, potentially improving access to dental care.
Key points
Federally subsidized loan repayments for dental school faculty will no longer be considered taxable income.
The changes apply to amounts received in tax years beginning after the act's enactment.
A report will assess the effectiveness of these programs in retaining faculty in dental schools and clinics.
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Additional Information
Print number: 118_HR_7814
Sponsor: Rep. Van Drew, Jefferson [R-NJ-2]
Process start date: 2024-03-22