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

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