Bill > HR2940

This bill, the Educator Tax Relief Act of 2015, aims to improve and make permanent a tax deduction for elementary and secondary school teachers' expenses. Specifically, it allows for an inflation adjustment to the deduction amount for taxable years beginning after 2014, meaning the deductible amount will increase over time to keep pace with rising costs. It also expands the types of expenses eligible for the deduction to include professional development courses related to a teacher's curriculum or students, as well as classroom supplies, computer equipment, and supplementary materials. Crucially, the bill makes this deduction permanent, removing the previous expiration dates that applied to specific tax years. The "above-the-line" deduction refers to expenses that can be subtracted from a taxpayer's gross income to arrive at their adjusted gross income, which is a key step in calculating taxable income.