S. 3699, known as the “Creating Opportunity for Athletic Coaches to Help Educate Students Act” or the “COACHES Act,” proposes changes to the Internal Revenue Code of 1986. The bill aims to expand the above-the-line deduction, which is a tax benefit for eligible educators, to...
Simple Explanation
The COACHES Act wants to change the tax rules so that teachers, sports coaches, and school sports helpers can get some money back when they buy things they need for their work, even if it's not all about sports.