Educators Expense Deduction Modernization Act

Bill: 115-hr-5814
Sponsor: full_name: Rep. Brown, Anthony G. [D-MD-4]
Introduced: 2018-05-15
Policy area: Taxation
Subjects: Elementary and secondary education

Income tax deductions

Teaching, teachers, curricula
Latest action: action_date: 2018-05-15
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2018-05-15
action_desc: Introduced in House
text: <p><b>Educators Expense Deduction Modernization Act </b></p> <p>This bill amends the Internal Revenue Code, with respect to the deduction from gross income for certain expenses of elementary and secondary school teachers, to: (1) increase from $250 to $500 the annual limit on the expenses that may be deducted, and (2) require the limit to be adjusted for inflation after 2019. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 5814 IN THE HOUSE OF REPRESENTATIVES May 15, 2018 Mr. Brown of Maryland (for himself, Ms. Barragán , Mrs. Beatty , Mr. Brendan F. Boyle of Pennsylvania , Mr. Butterfield , Mr. Carson of Indiana , Mr. Cicilline , Ms. Clarke of New York , Mr. Correa , Mr. Courtney , Ms. DeLauro , Mr. Garamendi , Mr. Grijalva , Ms. Hanabusa , Mr. Hastings , Ms. Norton , Ms. Jackson Lee , Mr. Johnson of Georgia , Ms. Kaptur , Mr. Krishnamoorthi , Mr. Langevin , Ms. Lee , Mr. Sean Patrick Maloney of New York , Mrs. Carolyn B. Maloney of New York , Mr. Meeks , Ms. Moore , Mr. Nadler , Mr. Pallone , Mr. Raskin , Ms. Roybal-Allard , Mr. Thompson of Mississippi , Ms. Titus , Mr. Tonko , Mr. Vargas , Mr. Vela , Ms. Velázquez , Mrs. Watson Coleman , Ms. Wilson of Florida , Ms. Eshoo , and Mr. Pocan ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to increase the deduction for certain expenses of elementary and secondary school teachers.

1. Short title This Act may be cited as the Educators Expense Deduction Modernization Act . 2. Increase in deduction for certain expenses of elementary and secondary school teachers (a) In general Section 62(a)(2)(D) of the Internal Revenue Code of 1986 is amended by striking $250 and inserting $500 . (b) Inflation adjustment Section 62(d)(3) of such Code is amended to read as follows: (3) Inflation adjustment In the case of any taxable year beginning after 2019, the $500 amount in subsection (a)(2)(D) shall be increased by an amount equal to— (A) such dollar amount, multiplied by (B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2018 for calendar year 2016 in subparagraph (A)(ii) thereof. . (c) Effective date The amendments made by this section shall apply with respect to taxable years beginning December 31, 2018.