Educators Expense Deduction Modernization Act of 2022

12/29/2022, 11:48 PM

Congressional Summary of S 3992

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.

Current Status of Bill S 3992

Bill S 3992 is currently in the status of Bill Introduced since April 5, 2022. Bill S 3992 was introduced during Congress 117 and was introduced to the Senate on April 5, 2022.  Bill S 3992's most recent activity was Read twice and referred to the Committee on Finance. as of April 5, 2022

Bipartisan Support of Bill S 3992

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
8
Democrat Cosponsors
8
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3992

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 3992

Educators Expense Deduction Modernization Act of 2022Educators Expense Deduction Modernization Act of 2022A bill to amend the Internal Revenue Code of 1986 to increase the deduction for certain expenses of elementary and secondary school teachers.
Start holding our government accountable!

Comments