S. 5478, known as the “Support Our Educators Act of 2024,” seeks to amend the Internal Revenue Code to benefit educators. It proposes to increase the tax deduction for expenses incurred by elementary and secondary school teachers from $250 to $600. Additionally, the bill...
Simple Explanation
The "Support Our Educators Act of 2024" is a law that wants to help teachers and parents who teach their kids at home by letting them save more money on their taxes for buying school supplies. It plans to increase the amount teachers can deduct from $250 to $600 each year, starting after 2024.