H.R.5719 - Student Loan Interest Deduction Act of 2012112th Congress (2011-2012)
Summary: H.R.5719 — 112th Congress (2011-2012)
Introduced in House (05/10/2012)
Student Loan Interest Deduction Act of 2012 - Amends the Internal Revenue Code to: (1) increase the maximum tax deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on such deduction based upon modified adjusted gross income. Makes permanent the elimination of the five-year limitation on such tax deduction.