Educators Expense Deduction Modernization Act of 2022

S. 3992 · 117th Congress · Apr 5, 2022 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to increase the deduction for certain expenses of elementary and secondary school teachers.

This Act may be cited as the “Educators Expense Deduction Modernization Act of 2022”.

(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.