Sec. 53502. Increase in deduction for certain expenses of elementary and secondary school teachers
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Section 62(a)(2)(D) of the Internal Revenue Code of 1986 is amended by striking $250 and inserting $500 . Section 62(d)(3) of such Code is amended to read as follows: In the case of any taxable year beginning after 2019, the $500 amount in subsection (a)(2)(D) shall be increased by an amount equal to— such dollar amount, multiplied by the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2018 for calendar year 2016 in subparagraph (A)(ii) thereof. . The amendments made by this section shall apply with respect to taxable years beginning December 31, 2018.