Monday - November 25, 2024
Tipoffs for Bangor, Maine (Congressional) Newsletter for Wednesday September 13, 2023 ( 1 items )  

As School Year Begins, King Introduces Bill to Expand Tax Deductions for School Supplies Purchased Out-of-Pocket
WASHINGTON, Sept. 12 -- Sen. Angus S. King Jr., I-Maine, issued the following news release: WASHINGTON, D.C.-- U.S. Senator Angus King has introduced a bill to expand tax deductions for teachers that pay out-of-pocket for school supplies. The Educators Expense Deduction Modernization Act of 2023 would more than triple the amount educators can deduct from their taxes for out-of-pocket classroom expenses - from notebooks to pencils to paper products. The current deduction for teachers is $300 - f  more