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Main Subject: Taxation

Student Loan Tax Relief Act

This bill modifies tax provisions allowing an exclusion from gross income for income arising from discharges of student loan debt after January 31, 2020. This includes loans for postsecondary educational expenses, private education loans, and loans made by tax-exempt educational organizations.

The bill eliminates the temporary expiration date for the exclusion and the death or total and permanent disability requirement for a discharge.

HR1319-117, HR1564-117,

Senate Actions

IntroReferral
Mar. 01 2021	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Mar. 01 2021	Introduced in Senate

Senate bill S496-117

Student Loan Tax Relief Act

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