Teacher Tax Deduction Quadrupled: Educators Can Claim Up to $1,000.
This bill significantly increases the tax deduction available to elementary and secondary school teachers for out-of-pocket expenses related to classroom supplies and professional development. The maximum deduction amount is raised from $250 to $1,000 annually. This change applies retroactively to tax years beginning after December 31, 2022, providing immediate financial relief for educators.
Key points
The maximum tax deduction for eligible educators' classroom expenses increases from $250 to $1,000.
The change applies to elementary and secondary school teachers (referred to as "eligible educators").
The higher deduction is effective for tax years starting after December 31, 2022.
Expired
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