Senate Bill 4119
119th Congress(2025-2026)
Student Loan Marriage Penalty Elimination Act of 2026
Introduced
Introduced in Senate on Mar 17, 2026
Bill Intelligence
The bill aims to eliminate the financial penalty married couples face regarding student loans. It proposes to amend the Internal Revenue Code to alter the limit on student loan interest deduction, so each spouse can deduct up to $2,500 for their individual indebtedness. The bill also ensures that no double benefit is received under any other tax provision. If passed, this change would apply to taxable years starting after December 31, 2026.
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Origin Chamber
Senate
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
4119
Congress
119
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.
No Senate votes have been held for this bill.
Summary
Unavailable
March 17, 2026
Sort by most recent
03/17/2026
Read twice and referred to the Committee on Finance.
03/17/2026
Introduced in Senate
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Public Record
Record Updated
Apr 1, 2026 10:18:30 PM