The House GOP tax bill would scrap that educator deduction entirely. “The tax deduction means a lot to teachers,” says Richardson, who is 36 and lives in Atlanta. Although the House bill does increase her standard deduction from $6,350 to $12,000, it also takes away other savings she uses. The Senate bill keeps the student loan interest deduction, while the House bill eliminates it, another conflict. The House bill did that by eliminating many tax breaks for individuals like the educator expense.

Source: Washington Post November 22, 2017 12:03 UTC