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H.R. 5359

DEBT Act of 2019

Decreasing Employees Burdensome Taxes from Student Loans Act of 2019 or the DEBT Act of 2019

This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee, (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increase the maximum tax deduction and the income limitation for interest on education loans.

Referred to the House Committee on Ways and Means.

Rep. Stivers, Steve [R-OH-15](R-OH)Sponsor
5 cosponsors4 D1 R
5cosponsors1committees3actions6subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

DEBT Act of 2019 — Informed