WASHINGTON, March 24 -- Sen. Reverend Warnock issued the following press release:
Senate Finance Committee members Reverend Raphael Warnock (D-GA) and James Lankford (R-OK), along with their colleagues Senators Michael Bennet (D-CO) and Cynthia Lummis (R-WY), introduced the bipartisan Student Loan Marriage Penalty Elimination Act, legislation that would end the marriage penalty for deducting student loan debt interest payments.
Under current law, individuals may deduct up to $2,500 in student loan interest payments from their income. Married individuals are subject to the same $2,500 total limit, even if both individuals in the couple have made student loan interest payments. The Student Loan Marriage Penalty Elimination Act would remove ...