457(e)(1)(A), or an individual retirement account (as defined in section 408(a)) which is excluded from gross income of the distributee under section 402(m) (other than any portion of such a distribution which is attributable to the repayment of a loan described in section 72(t)(7)(C)), and . (B) Coordination with waiver of penalty Subparagraph (B) of section 72(t)(7) is amended by inserting (without regard to subparagraph (C) thereof) before the period. (2) Deduction for interest on education loans Paragraph (1) of section 221(e) of such Code is amended by inserting before the period at the end the following: , or for any amount paid with a distribution which is excluded from gross income under section 402(m) . (c) Effective date The amendment made by this section shall apply to distributions made after December 31, 2019. 5. Inclusion of employer student loan payments in educational assistance programs (a) In general Paragraph (1) of section 127(c) of the Internal Revenue Code of 1986 is amended— (1) by striking and at the end of subparagraph (A)