- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Ways and MeansIntroducedFebruary 2nd, 2010
- house Committees
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Cash Back Reward Act of 2010
To amend the Internal Revenue Code of 1986 to allow a temporary deduction for interest on unsecured credit card debt.
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).