Tax Credits to Retain Teachers and School Staff in High-Need Areas.
This Act establishes a new refundable tax credit for educators, including teachers, early childhood providers, school leaders, and mental health staff, aimed at combating the national shortage of qualified personnel. The credit rewards continuous service, particularly in high-need schools, providing a direct financial benefit to stabilize the education workforce. The maximum annual credit can reach $11,600.
Key points
A refundable tax credit (up to $11,600 annually) is introduced for various education professionals, including teachers, paraprofessionals, and school-based mental health providers in qualifying high-need schools.
The credit amount increases with continuous years of service, peaking in the tenth year, designed to incentivize long-term retention in the profession.
State and local education agencies are prohibited from reducing employee compensation or loan forgiveness assistance based on the employee receiving this federal tax credit, ensuring the credit is supplemental income.
Expired
Citizen Poll