S 4119 · 119th Congress

A bill to amend the Internal Revenue Code of 1986 to allow married couples to apply the student loan interest deduction limitation separately to each spouse, and for other purposes.

Right now, when married couples file taxes together, they have to combine their student loan interest deductions and share a single $2,500 deduction limit. This means if both spouses have student loans, they're penalized just for being married—they get less total tax relief than they would if they were single. This…

Sponsor

Warnock, Raphael G. (D-Georgia)

Introduced

2026-03-17

Policy area

Taxation