118th Congress · HOUSE BILLBILL

H.R. 6594 — GRADUATE Act

“To amend the Internal Revenue Code of 1986 to expand the deduction for student loan interest to include payments toward principal, and to increase the value of the deduction.”

Taxation

Introduced Dec 5, 2023

Last action Dec 5, 2023

Pipeline · Bill → Law

Step 1

Introduced

Dec 5, 2023

Step 2

Referred

Dec 5, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill expands the tax deduction for student loan interest to include payments toward principal. It also increases the maximum allowable amount of the deduction.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Dec 5, 2023

Introduced in House

Dec 5, 2023

Referred to the House Committee on Ways and Means.