Tax Credits for Educators: Boosting Retention in High-Need Schools
This act introduces a refundable tax credit for teachers, school leaders, and other education professionals to encourage their retention in the field. The goal is to address the shortage of qualified educators, especially in high-need areas, by providing financial support. This aims to improve the financial well-being and job stability of education workers.
Key points
Establishes a refundable tax credit for early childhood educators, teachers, school leaders, and school-based mental health service providers.
The credit amount varies based on continuous years of service, reaching up to $11,600 for the tenth year of employment.
Aims to retain experienced educators, particularly in high-poverty areas, and improve educational outcomes for students.
Prohibits state and local educational agencies from reducing compensation or loan forgiveness due to an individual receiving this credit.
Mandates the collection and annual publication of data on average teacher and early childhood educator salaries to track the act's impact.
Introduced
Additional Information
Print number: 119_S_1676
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2025-05-08