Section 1 Short title
This Act may be cited as the “Teacher Tax Relief Act of 2014”.
Teacher Tax Relief Act of 2014
A BILL
To amend the Internal Revenue Code of 1986 to improve and make permanent the above-the-line deduction for certain expenses of elementary and secondary school teachers.
Sec. 2 Deduction for certain expenses of school teachers
Deduction made permanent— Subparagraph (D) of section 62(a)(2) of such Code is amended by striking “In the case of taxable years beginning during 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, or 2013, the deductions” and inserting “The deductions”.
Inflation adjustment— Subsection (d) of section 62 of such Code is amended by adding at the end the following new paragraph:
“(3) Inflation adjustment—In the case of any taxable year beginning after 2013, the $250 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 2012” for “calendar year 1992” in subparagraph (B) thereof.”
Professional Development Expenses— Subparagraph (D) of section 62(a)(2) of such Code is amended—
by striking “educator in connection” and all that follows and inserting “educator—”; and
by inserting at the end the following:
“(i) by reason of the participation of the educator in professional development courses related to the curriculum in which the educator provides instruction or to the students for which the educator provides instruction, and
“(ii) in connection with books, supplies (other than nonathletic supplies for courses of instruction in health or physical education), computer equipment (including related software and services) and other equipment, and supplementary materials used by the eligible educator in the classroom.”
Eligible Educator Technical Amendment— Subparagraph (A) of section 62(d)(1) of such Code is amended by inserting “ending during the taxable year” before the period.
Effective Date—
In general— The amendments made by subsections (a), (b), and (c) shall apply to taxable years beginning after December 31, 2013.
Technical amendment— The amendment made by subsection (d) shall apply to taxable years beginning after December 31, 2001.