Student Loan Marriage Penalty Elimination Act of 2026

This bill would change the federal tax deduction for interest paid on student loans. It would set the $2,500 limit on deductible interest per individual who took on the loan debt, so a married couple filing together could each count up to $2,500 of interest on their own loans. It would also rewrite the rule against claiming the same amount under more than one tax deduction. The changes would apply to tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Raphael G. Warnock Democrat sponsor
• 3 cosponsors