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Tax Relief for Health Professions Scholarships and Loan Repayments

This act aims to make health professions more accessible by excluding certain education scholarships and loan repayments from taxable income. This means individuals pursuing careers as doctors, nurses, or other medical professionals, especially those working in underserved areas, will keep more of their money, potentially encouraging more people to enter these vital fields.
Key points
Money received for student loan repayments under public health service programs will not be counted as taxable income.
Certain scholarships for health professions education will also be excluded from taxable income.
These changes apply to amounts received in tax years beginning after the act's enactment, providing tangible financial benefits for current and future healthcare workers.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_593
Sponsor: Rep. Tokuda, Jill N. [D-HI-2]
Process start date: 2025-01-21