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This bill amends the Internal Revenue Code to allow married couples to apply the student loan interest deduction limit separately to each spouse, rather than jointly. Sec. 2, Student loan interest deduction limitation applied separately to each spouse: The bill changes the student loan interest deduction so that the $2,500 limit applies to each individual's indebtedness, not to a married couple filing jointly. It also makes conforming changes to the section headings and adds a rule preventing double benefits for the same deduction. The changes take effect for taxable years starting after December 31, 2024.
Summary of the bill text as introduced in House (May 8, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.
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Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.