incurred under a qualified education loan (as defined in section 221(d)(1)). (d) Self-Employed individuals, etc For purposes of this section— (1) Employee The term employee includes, for any year, an individual who is an employee within the meaning of section 401(c)(1). (2) Employer An individual who owns the entire interest in an unincorporated trade or business shall be treated as the individual's own employer. A partnership shall be treated as the employer of each partner who is an employee within the meaning of paragraph (1). . (b) Conforming amendments (1) Paragraph (7) of section 127(c) of the Internal Revenue Code of 1986 is amended to read as follows: (7) Denial of double benefit No deduction, credit, or exclusion shall be allowed to the employee under any other section of this chapter for any amount excluded from income by reason of this section, including the amount of any qualifying student loan payment which is excluded from income under section 139H. . (2) Paragraph (1) of section 221(e) of such Code is amended by inserting , or for any amount for which an exclusion is allowable under section 139H before the period. (c) Exclusion of qualifying student loan payments from payroll taxes (1) In general Paragraph (20) of section 3121(a) of the Internal Revenue Code of 1986 is amended by striking or 132 and inserting 132, or 139H . (2) Federal unemployment tax Paragraph (16) of section 3306(b) of such Code is amended by striking or 132 and inserting 132, or 139H . (d) Clerical amendment The table of sections for part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 139G the following new item: Sec. 139H. Employer contributions to student loan repayment. . (e) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2018.