Educators Expense Deduction Modernization Act of 2023

This bill increases the tax deduction available to eligible educators for out-of-pocket classroom expenses from $250 to $1,000 annually. It directly affects elementary and secondary school teachers who itemize deductions on their federal tax returns. The key change modifies Internal Revenue Code sections to raise the deduction limit and update reference years to align with current tax filing periods. The updated deduction applies to tax returns filed for 2023 and subsequent years.