Tax Credits for Educators: Supporting and Retaining Education Professionals.
This act introduces a refundable tax credit for teachers, school leaders, early childhood educators, and school-based mental health providers. The goal is to encourage experienced professionals to remain in the education field, especially in high-need areas, by providing financial incentives based on years of service. This aims to ensure citizens have access to a more stable and experienced educational workforce for their children.
Key points
Teachers, school leaders, early childhood educators, and mental health providers in schools can receive a refundable tax credit that increases with years of continuous employment.
The credit amounts range from $5,800 to $11,600 annually, depending on the length of service, up to a maximum of 20 years.
The act addresses the shortage of qualified educators and aims to improve retention, particularly in high-poverty areas, by enhancing compensation and working conditions.
Provisions ensure that federal funds supplement, rather than replace, state and local education funding.
Expired
Additional Information
Print number: 117_S_686
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2021-03-10