Bill > S1981

This bill proposes a modification to Massachusetts state tax law by expanding an existing tax deduction provision related to student loan interest. Specifically, the bill amends Section 3 of Chapter 62 of the Massachusetts General Laws to include graduate student loan interest alongside the existing deduction for undergraduate student loan interest. By inserting the words "or graduate" after the word "undergraduate" in two specific lines of the existing law, the bill will allow graduate students to also claim a tax deduction for student loan interest, potentially providing financial relief to individuals pursuing advanced degrees. This change would align the tax code more closely with the financial challenges faced by graduate students, who often accumulate significant student loan debt while pursuing higher education.

Budget and Finance

https://malegislature.gov/Bills/194/S1981