Anthony Brown Wants To Increase Tax Deduction Limit For Teachers
Congressman Anthony G. Brown (D-MD) introduced legislation last week that would increase the current deduction available to educators from $250 to $500. Virtually all teachers end up paying out-of-pocket for school supplies, and it’s not chump change. According to a 2016 survey by Scholastic, K-12 public school teachers spent an average of $530 of their own money for classroom or student use, while principals spent an average of $683. And in high-poverty schools, teachers spent nearly 40 percent more than their peers elsewhere, with one in 10 spending $1,000 or more. Currently, educators are allowed an above-the-line deduction of up to $250 for unreimbursed out-of-pocket supply costs. The Educators Expense Deduction Modernization Act would double the deduction educators can claim on their taxes, and index it to inflation over time. “In spite of tight classroom budgets, limited education resources and low pay, educators take hundreds of dollars out of their pockets to purchase supplies for their students to ensure every child has the resources they need to learn and succeed,” Brown said. “Increasing this deduction acknowledges the importance of their work, is a small ‘thank you’ for the counselors, principals and teachers who make financial sacrifices to benefit their students, and helps achieve the outcomes we want for all our kids.” More here.