Allows married couples to apply the student loan interest deduction separately for each spouse.

The Student Loan Marriage Penalty Elimination Act of 2025 amends the Internal Revenue Code to allow married couples to apply the student loan interest deduction limitation separately for each spouse. This means each spouse can claim up to $2,500 in student loan interest deductions, rather than the current rule that combines both spouses' incomes. The changes apply to taxable years beginning after December 31, 2024.

Allows married couples to apply the student loan interest deduction separately for each spouse.

The Student Loan Marriage Penalty Elimination Act of 2025 amends the Internal Revenue Code to allow married couples to apply the student loan interest deduction limitation separately for each spouse. This means each spouse can claim up to $2,500 in student loan interest deductions, rather than the current rule that combines both spouses' incomes. The changes apply to taxable years beginning after December 31, 2024.