Increased Tax Deductions for Teachers and Home Educators.
This bill increases the amount teachers can deduct from their taxes for school supplies and materials. Crucially, it introduces a new tax deduction for parents who homeschool their children, allowing them to deduct costs related to educational materials and courses. These changes aim to provide financial support to individuals involved in education and will take effect starting with the 2025 tax year.
Key points
The maximum tax deduction for elementary and secondary school teachers for classroom expenses increases from $250 to $600.
A new tax deduction is established, allowing eligible home educators (homeschooling parents) to deduct up to $600 annually for educational materials, books, and computer equipment.
These changes will apply to taxable years beginning after December 31, 2024.
Expired
Additional Information
Print number: 118_S_5478
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2024-12-11