To amend the Internal Revenue Code of 1986 to increase and adjust for inflation the above-the-line deduction for teachers.
To amend the Internal Revenue Code of 1986 to provide a deduction for certain newborn expenses.
This bill increases the above-the-line tax deduction for unreimbursed expenses incurred by an eligible educator for classroom supplies and certain professional development courses. (Above-the-line deductions are subtracted from gross income to calculate adjusted gross income.)Under current law, an eligible educator may deduct up to $300 in 2025 (adjusted annually for inflation) for unreimbursed expenses for classroom supplies and certain professional development courses. An eligible educator is defined as a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide who works at least 900 hours during a school year in a school that provides elementary or secondary education. Under the bill, an eligible educator may deduct up to $1,000 in 2025 for unreimbursed expenses for classroom supplies and certain professional development. For tax years after 2025, the $1,000 limit on the tax deduction is adjusted annually for inflation.
To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to a 529 plan.
A bill to amend the Internal Revenue Code of 1986 to increase the deduction for certain expenses of elementary and secondary school teachers and to allow an equivalent deduction for home educators.
To amend the Internal Revenue Code of 1986 to renew and enhance opportunity zones, and for other purposes.
To amend the Internal Revenue Code of 1986 to repeal the credit for new clean vehicles, and for other purposes.
To amend the Internal Revenue Code of 1986 to provide a refundable credit for certain home accessibility improvements.
To amend the Internal Revenue Code of 1986 to extend tax credits for clean vehicles to possessions of the United States.
To amend the Internal Revenue Code of 1986 to allow an increased dollar limitation for section 179 property placed in service in the trade or business of farming.