A bill to amend the Internal Revenue Code of 1954 to allow teachers to deduct from gross income the expenses incurred in pursuing courses for academic credit and degrees at institutions of higher education and including certain travel.

[AI summary unavailable — showing source text] Allows teachers to deduct from gross income under the Internal Revenue Code the expenses incurred in pursuing courses for academic credit and degrees at institutions of higher education and including travel, if academic credit is given for it or if it is in satisfaction of education requirements of the employer. (Amends 26 U.S.C. 162)…