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Congressional Update – Student Tax Affordability and 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 Affordability and Relief Act

H.R. 4363 — Introduced

Student Tax Affordability and Relief Act This bill amends the Internal Revenue Code to exclude from an employee’s gross income, for income tax purposes, qualified student loan payment assistance provided by an employer. This assistance includes the payment of principal or interest, up to $10,000 in a taxable year, on student loan indebtedness incurred by an employee for higher education expenses.

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