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Bill > HR3943


US HR3943

US HR3943
To amend the Internal Revenue Code of 1986 to extend for one year the above-the-line deduction for qualified tuition and related expenses.


summary

Introduced
01/28/2014
In Committee
01/28/2014
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to extend for one year the above-the-line deduction for qualified tuition and related expenses.

AI Summary

This bill extends for one year the above-the-line deduction for qualified tuition and related expenses, meaning taxpayers can continue to subtract these educational costs from their gross income to reduce their taxable income. Specifically, it amends the Internal Revenue Code of 1986 to change the expiration date for this deduction from December 31, 2013, to December 31, 2014, and this change applies to taxable years beginning after December 31, 2013.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to the House Committee on Ways and Means. (on 01/28/2014)

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