Educators Expense Deduction Modernization Act of 2022

Educators Expense Deduction Modernization Act of 2022

This bill increases the tax deduction for the expenses of eligible educators from $250 to $1,000, An eligible educator is, with respect to any taxable year, an individual who is a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide in a school for at least 900 hours during a school year.

Bill 117 HR 7395, also known as the Educators Expense Deduction Modernization Act of 2022, aims to update and expand the current tax deduction available to educators for out-of-pocket expenses incurred for classroom supplies and materials. The bill seeks to increase the maximum deduction amount from $250 to $500 for individual educators and from $500 to $1,000 for married educators filing jointly.

Additionally, the bill proposes to index the deduction amount to inflation, ensuring that the deduction keeps pace with rising costs. This would provide educators with greater financial relief and recognition for the expenses they incur in order to provide quality education to their students.

The bill also includes provisions to expand the definition of eligible expenses to include professional development courses and materials, as well as technology and software purchases that are essential for teaching in the modern classroom. This expansion reflects the changing landscape of education and the increasing reliance on technology in the classroom. Overall, the Educators Expense Deduction Modernization Act of 2022 aims to provide educators with greater financial support and recognition for the important work they do in preparing the next generation of leaders and innovators.