118th Congress · SENATE BILLBILL

S. 2731Educators Expense Deduction Modernization Act of 2023

A bill to amend the Internal Revenue Code of 1986 to increase the deduction for certain expenses of elementary and secondary school teachers.

Taxation
Introduced Sep 6, 2023
Last action Sep 6, 2023
Pipeline · Bill → Law
Step 1
Introduced
Sep 6, 2023
Step 2
Referred
Sep 6, 2023
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill increases from $300 to $1,000 the tax deduction for the expenses of eligible educators. An eligible educator is, with respect to any taxable year, an individual who is a K-12 teacher, instructor, counselor, principal, or aide in a school for at least 900 hours during a school year. The bill also requires the amount of the deduction to be adjusted annually for inflation.

Provisions · 2 sectionsIntroduced in Senate
Timeline · 2 actions
Sep 6, 2023
Introduced in Senate
Sep 6, 2023
Read twice and referred to the Committee on Finance.