To amend the Internal Revenue Code of 1986 to increase and adjust for inflation the above-the-line deduction for teachers.

HR 6701 increases the annual deduction for eligible classroom expenses for elementary and secondary school teachers from $250 to $600. This change allows teachers to directly reduce their taxable income by up to $600 for out-of-pocket expenses like supplies, without needing to itemize deductions. The bill applies to tax returns filed for taxable years beginning after December 31, 2022 (effective for 2023 tax filings). It directly affects K-12 teachers who pay for classroom materials using their own funds.