HR 6594 · 118th Congress

GRADUATE Act

The GRADUATE Act makes it easier for people paying off student loans to get tax breaks. Right now, you can deduct up to $2,500 per year in student loan interest from your taxes, but only the interest portion—not the money you're paying toward the actual loan balance. This bill changes that by letting you deduct paym…

Sponsor

Goldman, Daniel S. (D-NY)

Introduced

2023-12-05

Policy area

Taxation

Latest action

Referred to the House Committee on Ways and Means.