Increase in and expansion of deduction for expenses of elementary and secondary school teachers

(a) Increase (1) In general Subparagraph (D) of section 62(a)(2) of the Internal Revenue Code of 1986 is amended by striking $250 and inserting $500. (2) Inflation adjustment Section 62(d)(3) of such Code is amended— (A) by striking 2015 and inserting 2026; (B) by striking the $250 amount and inserting each of the dollar amounts; and (C) by striking 2014 in subparagraph (B) thereof and inserting 2025. (b) Expansion to early childhood educators Section 62(d)(1)(A) of the Internal Revenue Code of 1986 is amended— (1) by striking who is a kindergarten and inserting who is— (i) a kindergarten; (2) by striking the period at the end and inserting, or; and (3) by adding at the end the following new subparagraph: (ii) an early childhood educator (as defined in section 200 of the Higher Education Act of 1965 (20 U.S.C. 1021)) in an early childhood education program (as defined in section 103 of such Act (20 U.S.C. 1003)) for at least 1,020 hours during a year.. (c) Effective date The amendments made by this section shall apply to amounts paid or incurred in taxable years beginning after the date of the enactment of this Act.