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GRADUATE Act: Expanding Tax Deductions for Student Loan Payments

This bill allows taxpayers to deduct both the principal and interest of student loans from their taxable income. It significantly raises the maximum deduction amount and increases income limits, making the benefit available to more people.
Key points
Taxpayers can now deduct payments toward the loan principal, not just the interest.
The maximum deduction increases to $10,000 plus $500 for each dependent of the taxpayer.
Income limits for eligibility are raised to $125,000 for individuals and $250,000 for joint filers.
The new rules will apply to tax years beginning after December 31, 2025.
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Status: Introduced
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Additional Information
Print number: 119_HR_7536
Sponsor: Rep. Goldman, Daniel S. [D-NY-10]
Process start date: 2026-02-12
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

GRADUATE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_7536.

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 2026-02-12.

What are the main provisions?

Key points include:

  • Taxpayers can now deduct payments toward the loan principal, not just the interest.
  • The maximum deduction increases to $10,000 plus $500 for each dependent of the taxpayer.
  • Income limits for eligibility are raised to $125,000 for individuals and $250,000 for joint filers.
  • The new rules will apply to tax years beginning after December 31, 2025.
What is the specific legal status?

The current status is Introduced.

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. Goldman, Daniel S. [D-NY-10].

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 2026-02-26.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Education