spot_imgspot_img

Lawmakers propose increasing teacher classroom supply deduction limit to $1K

spot_img

(The Center Square) – U.S. Rep. Tim Burchett, R-Tennessee, is a co-sponsor of bipartisan legislation to increase the amount schoolteachers can deduct for classroom supplies to $1,000 per year.

The Educators Expense Deduction Modernization Act of 2023, is sponsored by U.S. Rep. Sean Casten, D-Illinois, and the companion bill is sponsored by Sen. Sherrod Brown, D-Ohio.

A survey showed that 94% of public-school teachers spend their own money on school supplies without reimbursement and one in 10 teachers report spending more than $1,000 on supplies to run their classroom while teachers spend an average of $820 annually out of pocket on school supplies.

The deduction limit was $250 until 2022, when the amount was allowed to adjust to inflation to $300 per year.

“I come from a family of public educators, and time and time again I saw them gladly spend their own limited income on their students,” Burchett said in a statement. “The federal government has no business putting such a low cap on what teachers can deduct from their taxes when they are being so generous with these kids.”

The bill comes a per-student expenditures have risen nationwide from an average $13,601 spent per student in 2010-11 to $14,789 in 2019-20, a 9% increase.

Tennessee’s new school funding formula, the Tennessee Investment in Student Achievement, dictates that $200 be set aside per K-12 teacher at a public school or public charter school each school year.

The funds from taxpayers must be used for classroom instructional supplies and any funds not used will be pooled at each school to be used for supplies for teachers. The pooled funds also can’t be used for building capital needs or improvements.

A bill earlier this year to increase that amount to $500 per teacher per year from a pair of Tennessee Republican lawmakers didn’t make it out of committee.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Illinois Supreme Court Overturns Jussie Smollett Convictions

The Illinois Supreme Court overturned the convictions of former...

Wisconsin cities, counties see unemployment rates continue to drop

(The Center Square) – Unemployment rates dropped in 10...

Spokane eyes new tax model to drive down rates while incentivizing construction

(The Center Square) - Spokane residents pay property taxes...

House Republicans tab Huffman as new speaker

(The Center Square) – The outgoing president of the...

New York sued over concealed carry law restrictions

(The Center Square) — New York is being sued...

Audit finds several deficiencies in Louisiana government financial reporting

(The Center Square) — Inadequate controls, improper reimbursements, and...

VIDEO: Legislator given opioid antagonist on House floor to show safety, ease of use

(The Center Square) – An Illinois state representative was...

Legislation introduced to reduce prescription drug shortages

(The Center Square) – A bipartisan group of lawmakers...

More like this
Related

Illinois Supreme Court Overturns Jussie Smollett Convictions

The Illinois Supreme Court overturned the convictions of former...

Wisconsin cities, counties see unemployment rates continue to drop

(The Center Square) – Unemployment rates dropped in 10...

Spokane eyes new tax model to drive down rates while incentivizing construction

(The Center Square) - Spokane residents pay property taxes...

House Republicans tab Huffman as new speaker

(The Center Square) – The outgoing president of the...