Student Loan Marriage Penalty Elimination Act of 2026 allows married couples to apply the student loan interest deduction separately to each spouse.
The Student Loan Marriage Penalty Elimination Act of 2026 amends the Internal Revenue Code to allow married couples to apply the student loan interest deduction limitation separately to each spouse. This change means that each spouse can deduct up to $2,500 of student loan interest, rather than the couple being limited to a single $2,500 deduction. The amendments apply to taxable years beginning after December 31, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.