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Internal Revenue Code of 1986

The main body of federal tax laws in the United States, which outlines rules for taxes like income tax, payroll tax, and corporate tax.

Educator Expense Deduction

A tax deduction that allows eligible educators to subtract up to $300 (or $600 for married couples filing jointly if both are educators) from their taxable income for unreimbursed expenses like classroom supplies or professional development courses.

Taxable Year

The annual accounting period for keeping records and reporting income and expenses, usually January 1 to December 31 for individuals.

Early Childhood Educator

A professional who provides educational or childcare services to children under the age of six, typically in settings like preschools, kindergartens, or licensed daycare facilities.

Conforming Amendment

A change made to a law to make it consistent with another change or new provision in the same or a related law.