May 8, 2025
Mr. Grothman (for himself, Mrs. Miller of Illinois, Ms. DelBene, Mr. Davis of Illinois, Mr. Clyde, Mr. Larson of Connecticut, Mr. McCormick, Mr. Mullin, Mr. Rouzer, and Mr. Rulli) introduced the following bill; which was referred to the Committee on Ways and Means
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.
Section 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
Section 221(b)(1) of the Internal Revenue Code of 1986 is amended to read as follows:
(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—
(1)
in subsection (b), by striking the heading and inserting Dollar limitations
, and
(2)
by amending subsection (e) to read as follows:
(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.
(c) Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2024.