Search Results: keywords:"teachers' expenses"

  • H. R. 228 — To amend the Internal Revenue Code of 1986 to increase and adjust for inflation the above-the-line deduction for teachers.
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    Status:Introduced in House
    Words:256

    H.R. 228 proposes changes to the Internal Revenue Code of 1986 to benefit teachers financially. It aims to increase the above-the-line deduction for educators' expenses from $250 to $1000, and additionally, it adjusts this amount for inflation, starting from the tax year...

    Simple Explanation

    H.R. 228 is a plan to let teachers save more money on their taxes for classroom supplies they buy, by increasing their savings from $250 to $1000, and making sure this amount keeps up with rising prices over time.

  • H. R. 9256 — To amend the Internal Revenue Code of 1986 to increase and adjust for inflation the above-the-line deduction for teachers.
    💰
    Status:Introduced in House
    Words:256

    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.