Educators Expense Deduction Modernization Act of 2023

House Bill 5357 - Educators Expense Deduction Modernization Act of 2023: Overview, Status, and Impact

Hozzl · 2024-02-01T08:30:28Z

Explore the details of House Bill 5357 Educators Expense Deduction Modernization Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/1/2024, 8:30 AM

Congressional Summary of HR 5357

Educators Expense Deduction Modernization Act of 2023

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.

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Current Status of Bill HR 5357

Bill HR 5357 is currently in the status of Bill Introduced since September 8, 2023. Bill HR 5357 was introduced during Congress 118 and was introduced to the House on September 8, 2023. Bill HR 5357's most recent activity was Referred to the House Committee on Ways and Means. as of September 8, 2023