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house Bill H.R. 4562

Cash Back Reward Act of 2010

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedFebruary 2nd, 2010

Bill Details

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Title

Cash Back Reward Act of 2010

Official Title

To amend the Internal Revenue Code of 1986 to allow a temporary deduction for interest on unsecured credit card debt.

Summary

Cash Back Reward Act of 2010 - Amends the Internal Revenue Code to allow a tax deduction for interest paid on an unsecured credit card in 2010. Limits the amount of such deduction to $5,000 ($10,000 for married couples filing a joint tax return).

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