Revise the IRC to allow more single and married taxpayers to claim the student loan interest deduction by increasing the income limitation. Allow single taxpayers to claim the deduction if they earn more than 75K a year and for married taxpayers that make more than 155K a year. Increasing the single and married MAGI levels to 100K and 200K respectively would be more beneficial to the taxpayers.
Please also remove the phase-out range on the income levels just below the proposed MAGI cap.