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Advocacy News

Bill Would Increase Allowable Annual Student Loan Interest Deduction to $5,000

January 30, 2015 Rep. Charles Rangel (D-N.Y.), recently introduced H.R. 509, the Student Loan Interest Deduction Act that would expand the federal income tax deduction for student loan interest. If enacted, H.R. 509 would increase the allowable student loan interest deduction from $2,500 per year to $5,000 per year.  It would also eliminate the legal limit on how much income an individual can earn to claim the deduction.  It will not eliminate the significant burden of dental student debt, but it is an important step in that direction. The ADA supports the bill