Real Access to College Education Act of 2007

The Real Access to College Education Act of 2007 (H.R. 2672) proposed a change to the federal tax code to help families and students manage the costs of higher education. If enacted, the bill would have allowed taxpayers to deduct up to $13,150 per year from their gross income for post-secondary expenses, including tuition, fees, and room and board. This deduction would have been available to individual taxpayers and married couples filing jointly, though the specific amount allowed would decrease for those at higher income levels. By reducing a taxpayer's taxable income, the bill aimed to lower the overall financial burden of attending college or vocational school.