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S. 496

Student Loan Tax Relief Act

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.

Read twice and referred to the Committee on Finance.

Sen. Menendez, Robert [D-NJ](D-NJ)Sponsor
2 cosponsors2 D
2cosponsors1committees2actions2related bills4subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Student Loan Tax Relief Act — Informed