117 S3992 IS: Educators Expense Deduction Modernization Act of 2022 U.S. Senate 2022-04-05 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II117th CONGRESS2d SessionS. 3992IN THE SENATE OF THE UNITED STATESApril 5, 2022Mr. Brown (for himself, Mr. Menendez, Ms. Klobuchar, Ms. Smith, Mr. Van Hollen, Mr. Casey, Mr. Murphy, and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo 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 of 2022.

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—(1)by striking elementary and secondary school teachers in the heading and inserting eligible educators, and(2)by striking $250 and inserting $1,000.(b)

Conforming amendments

Section 62(d)(3) of the Internal Revenue Code of 1986 is amended—(1)by striking 2015 and inserting 2022, (2)by striking $250 and inserting $1,000, and(3)by striking calendar year 2014 and inserting calendar year 2021. (c)

Effective date

The amendments made by this section shall apply with respect to taxable years beginning December 31, 2021.