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House Republicans released a tax reform plan Thursday that would eliminate a tax break for Americans with student debt.The student loan interest tax deduction saves people as much as 5 a year, though most see a smaller benefit.The sweeping legislation was described by House Speaker Paul Ryan as a series of tax cuts aimed at helping most Americans. But it eliminates or limits some tax deductions and exemptions to fund those cuts.The student loan interest tax deduction is just one on the chopping block. The bill still needs to be approved by both the House and Senate, and signed by President Trump, who has said it will be done "before Christmas."Here's how it currently works: Those eligible can claim up to ,500 of what they paid toward the interest on their student loans, but not the principal.It's an "above the line" deduction that can be claimed without itemizing. But it's only available to borrowers with a modified adjusted gross income of less than ,000 (0,000 for married couples filing jointly.) The benefit is gradually reduced once you earn at least ,000 (or 0,000 for couples).About 12 million people claimed the student loan interest deduction in 2015, according to the IRS. More than 40 million Americans have student debt.The student loan interest deduction cost the federal government billion in foregone revenue during 2016, according to a report from The Pew Charitable Trusts.The cost has more than doubled since 2007 as student loan balances grew, even though the maximum deduction (,500) hasn't changed since 2001, the report said.Still, it costs less than the American Opportunity Tax Credit. That allows families who are paying for college out-of-pocket to claim up to ,500 per student. The benefit, which cost nearly billion in 2016, would be preserved under the House Republican plan.Even if the federal student loan interest deduction is repealed by Congress, you may still qualify for a state deduction. Thirty-seven states and D.C. offer a similar benefit, according to The Pew Charitable Trusts.The House bill also proposes nearly doubling the standard deduction. It would raise it for singles to ,000 and for married couples filing jointly to ,000. 2279

Hurricane Michael is bearing down on the Florida Panhandle with frightening fury.The Category 4 storm is packing winds of 130 mph and may grow even fiercer before it makes landfall Wednesday, likely near Panama City Beach.Photos: Hurricane Michael to slam US coastIn terms of wind intensity, that would make it stronger than Hurricane Florence, which had winds of 90 mph when it blew ashore in North Carolina last month.Here are some other facts that show the power of this "monstrous storm." 500

If you have kids in your life, you may find yourself in the toy section of your local store on a regular basis. But before you drop big bucks on regular-priced toys before the next birthday party, check out some of these amazing deals happening at Best Buy right now. 275

HUNTINGTON BEACH (CNS) - A crowd estimated at 400 people gathered in front of the Huntington Beach pier to protest the first night of a statewide curfew aimed at slowing the spread of COVID-19, authorities said Sunday.The people gathered at 10 p.m. Saturday along Pacific Coast Highway at Main Street, crossing the highway when allowed by the traffic light, said Huntington Beach police Lt. Ryan Reilly.By 11:30 p.m., the crowd appeared about half that size, said Reilly, who was watching the gathering via surveillance cameras.The protest ended shortly after midnight, he said.The group was law-abiding "for the most part," Reilly said. One person was arrested for public intoxication. "Some, not all" wore face masks.It appeared the vehicles passing through the area were part of the demonstration and the same vehicles were seen moving north and south on PCH, Reilly said.Officers were there watching the activity but no illegal assembly was declared, he said.Sergeants posted in the Main Street area reported that all of the bars, restaurants and other businesses closed by 10 p.m., Reilly said.The department did not issue citations for curfew violations, he said. "We are seeking compliance and trying to educate people." 1235

Immigration and Customs Enforcement agents have released more people seeking asylum in the United States from custody, citing a shortage in space.The release comes as thousands of people fleeing violence in Central America as part of a migrant caravan are beginning to arrive in Tijuana, hoping to enter the U.S. and claim asylum here.Earlier this year, federal officials released several hundred families to relatives, church groups or other organizations due to statutory limitations on how long people can be held in custody."These people, they don't speak English they don't have any money, and they are in another country and they don't have a cell phone to call their relatives," said Magdalena Shwartz, who works with churches and ICE to help find places to stay until relatives can pick up those the government releases.For families detained by immigration authorities, under a settlement agreement and subsequent decision, unaccompanied children or families can only be held in custody for 20 days before being released while their cases work their way through immigration courts.Pastors at a church in Mesa said they recently received a call from ICE asking if the church could help at least one hundred people, who were dropped off Tuesday. Others were given a bus ticket and dropped off at a bus station in Phoenix."They don't have another option," Shwartz said. "They cannot keep the people detained there for a long time, because they are getting more people."Multiple attempts to seek comment from Immigration and Customs Enforcement on Tuesday's release were not returned.Those who are ultimately granted asylum by a judge are allowed to stay, while those whose applications are denied will be deported. 1747

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