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Search Results: keywords:"taxable years after december 31, 2023"

  • H. R. 9256 proposes changes to the Internal Revenue Code of 1986, aiming to increase the tax deduction allowed for teachers who purchase classroom supplies out of their own pocket. The bill intends to raise the above-the-line deduction amount from $250 to $1000 and includes...

    Simple Explanation

    H.R. 9256 is a bill that wants to help teachers by letting them save more money on their taxes when they buy classroom supplies with their own money. It plans to increase the amount they can save from $250 to $1000 and make sure it keeps up with how money changes over time.