Increases from $250 to $1,000 the tax deduction for certain expenses (e.g., books, supplies, computer equipment and software) of eligible…

Section 62(a)(2)(D) of the Internal Revenue Code of 1986 is amended by striking $250 and inserting $1000.

Section 62(d)(3) of the Internal Revenue Code of 1986 is amended—

(1) by striking 2015 and inserting 2024,

(2) by striking $250 and inserting $1000, and

(3) by striking calendar year 2014 and inserting calendar year 2023.

The amendments made by this section shall apply with respect to taxable years beginning after December 31, 2023.