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Congressional Update – Student Tax Relief Act

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The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below. But for now, here is a snippet from the bill.

Student Tax Relief Act

S. 3008 — Introduced

Student Tax Relief Act This bill amends the Internal Revenue Code to exclude from gross income the discharge of student loan debt after June 12, 2014, due to: (1) borrower defenses asserted pursuant to the Higher Education Act of 1965, or (2) an agreement with the Consumer Financial Protection Bureau or any other federal agency in connection with the closure or other agency action relating to an educational institution.

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