Educators Expense Deduction Modernization Act of 2022

Senate Bill 3992 - Educators Expense Deduction Modernization Act of 2022: Overview, Status, and Impact

Hozzl · 2022-12-29T23:48:39Z

Explore the details of Senate Bill 3992 Educators Expense Deduction Modernization Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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.

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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