House Bill 5863
116th Congress(2019-2020)
To amend the Internal Revenue Code of 1986 to allow married couples to apply the student loan interest deduction limitation separately to each spouse, and for other purposes.
Introduced
Introduced in House on Feb 12, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5863
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Vicky Hartzler
grade
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California
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New Jersey
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North Carolina
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South Carolina
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Virginia
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No House votes have been held for this bill.
Summary
This bill revises the tax deduction for interest on education loans to provide that the $2,500 limitation on such deduction shall apply separately to each taxpayer claiming the deduction.
February 12, 2020
02/12/2020
Referred to the House Committee on Ways and Means.
02/12/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:15:55 PM