Contact: Eric Storey, Director of Grassroots and Digital Advocacy, 202-662-1770
Tax reform package preserves deduction for student loan interest payments
The final version of H.R. 1, tax reform legislation, preserves the student loan interest tax deduction, which was targeted for elimination in the earlier House-passed version of the bill. In a Nov. 28 letter to the leadership of the House Ways and Means Committee and the Senate Finance Committee, the ABA expressed support, based on policy adopted in 1992, for the student loan interest tax deduction and said that law students are directly affected by any changes in the deduction.