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Expand Education Deduction for Teachers Act

12/29/2022, 10:03 PM

Summary of Bill HR 7071

Bill 117 hr 7071, also known as the Expand Education Deduction for Teachers Act, aims to provide additional tax benefits for teachers who spend their own money on classroom supplies. The bill proposes to increase the current tax deduction for eligible educators from $250 to $500, allowing teachers to deduct up to $500 from their taxable income for expenses incurred in purchasing classroom supplies.

The bill defines eligible educators as teachers, instructors, counselors, principals, or aides for kindergarten through grade 12 who work at least 900 hours during a school year in a school that provides elementary or secondary education. These educators would be able to claim the deduction for expenses such as books, supplies, computer equipment, and other materials used in the classroom.

The Expand Education Deduction for Teachers Act aims to provide much-needed financial relief for teachers who often spend their own money to ensure their students have the necessary resources for learning. By doubling the current deduction amount, the bill seeks to recognize and support the important work that educators do in shaping the future of our nation. Overall, the bill aims to incentivize and support teachers in their efforts to provide a quality education for their students by easing the financial burden of purchasing classroom supplies. If passed, the Expand Education Deduction for Teachers Act would provide a valuable benefit for educators across the country.

Congressional Summary of HR 7071

Expand Education Deduction for Teachers Act

This bill increases the tax deduction for the expenses (from not in excess of $250 to not in excess of $2,000) of K-12 educators and includes early childhood educators for purposes of such deduction.

Current Status of Bill HR 7071

Bill HR 7071 is currently in the status of Bill Introduced since March 11, 2022. Bill HR 7071 was introduced during Congress 117 and was introduced to the House on March 11, 2022.  Bill HR 7071's most recent activity was Referred to the House Committee on Ways and Means. as of March 11, 2022

Bipartisan Support of Bill HR 7071

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
14
Democrat Cosponsors
14
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7071

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 7071

Expand Education Deduction for Teachers Act
Expand Education Deduction for Teachers Act
To amend the Internal Revenue Code of 1986 to increase the educator expense deduction and allow early childhood educators to take the deduction, and for other purposes.

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