H.R. 3285

119th CONGRESS 1st Session

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.

IN THE HOUSE OF REPRESENTATIVES · May 8, 2025 · Sponsor: Mr. Grothman · Committee: Committee on Ways and Means

Table of contents

• H.R. 3285
  • SEC. 1. Short title
  • SEC. 2. Student loan interest deduction limitation applied separately to each spouse

SEC. 1. Short title

• This Act may be cited as the Student Loan Marriage Penalty Elimination Act of 2025.

SEC. 2. Student loan interest deduction limitation applied separately to each spouse

• (a) In general
  • of the Internal Revenue Code of 1986 is amended to read as follows: Section 221(b)(1)
    • (1) In general
      • The interest taken into account with respect to a taxpayer for a taxable year under subsection (a) for indebtedness incurred by an individual shall not exceed $2,500.
• (b) Conforming amendments
  • Section 221 of such Code is amended—
    • in subsection (b), by striking the heading and inserting , and
      • (e) Denial of double benefit
        • No deduction shall be allowed under this section for any amount for which a deduction is allowable under any other provision of this chapter.
    • by amending subsection (e) to read as follows:
• (c) Effective date
  • The amendments made by this section shall apply to taxable years beginning after December 31, 2024.