Bill > HR3285

This bill, known as the "Student Loan Marriage Penalty Elimination Act of 2025," addresses how married couples can claim the student loan interest deduction on their taxes. Currently, married couples face limitations on the total amount they can deduct for student loan interest. The bill would modify the Internal Revenue Code to allow each spouse to claim up to $2,500 in student loan interest deductions separately, effectively doubling the potential tax benefit for married couples. This change aims to eliminate what is often referred to as a "marriage penalty," where married couples are treated less favorably for tax purposes compared to individuals filing separately. The amendments would take effect for taxable years beginning after December 31, 2024, and include a provision to prevent double-counting of deductions by ensuring that no deduction is allowed for an amount already deductible under another provision of the tax code. This change could provide significant tax relief for married individuals with student loan debt, making it easier to manage educational loan repayments.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3285/all-info