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Letter in Support of Legislation to Expand the Student Loan Interest Deduction

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Letter in Support of Legislation to Expand the Student Loan Interest Deduction

May 10, 2012

Letter to Rep. Charles Rangel (D-NY), endorsing his bill to increase the student loan interest deduction from $2,500 to $5,000 for individuals ($10,000 for joint filers).

The bill also would make permanent the elimination of the five-year limitation on the use of the deduction originally enacted in the Economic Growth and Tax Relief Act of 2001 and eliminate the income phase-out of $75,000 for individuals ($150,000 for joint filers) in the current deduction.

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