S. 1982: Creating Opportunity for Athletic Coaches to Help Educate Students Act

The bill, titled the Creating Opportunity for Athletic Coaches to Help Educate Students Act or the COACHES Act, aims to amend the Internal Revenue Code of 1986 to expand certain tax deductions applicable to educators.

Key Changes Proposed by the Bill

The main provisions of the bill include:

• Inclusion of Nonathletic Supplies: The bill proposes to allow educators to deduct expenses for nonathletic supplies that are used as part of instructional activities. This expands the current tax deduction, which previously excluded nonathletic supplies related to health or physical education courses.
• Explicit Recognition for Coaches and Administrators: The bill specifically includes interscholastic sports administrators and coaches as eligible educators who can take advantage of the tax deductions, thereby formally recognizing their role in the education system.
• Updated Tax Code Language: The language in the tax code will be updated to reflect these changes, including the addition of instructional school personnel as a category for eligible deductions.
• Effective Date: The changes are set to apply to taxable years beginning after December 31, 2023.

This legislation is intended to provide financial relief to educators, particularly those involved in coaching, by allowing them to deduct related expenses from their taxable income, thereby increasing their ability to support educational activities in schools.

Relevant Companies

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