1. Short title
This Act may be cited as the “Educators Expense Deduction Modernization Act”.
Educators Expense Deduction Modernization Act
A BILL
To amend the Internal Revenue Code of 1986 to increase the deduction for certain expenses of elementary and secondary school teachers.
2. Increase in deduction for certain expenses of elementary and secondary school teachers
In general— Section 62(a)(2)(D) of the Internal Revenue Code of 1986 is amended by striking “$250” and inserting “$500”.
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.”
Effective date— The amendments made by this section shall apply with respect to taxable years beginning December 31, 2018.