To amend the Internal Revenue Code of 1986 to provide a tax credit for teachers and principals who work in certain low income schools.


Teacher Tax Credit Act of 2007 - Amends the Internal Revenue Code to allow an eligible educator an annual $2,000 tax credit.

Defines: (1) "eligible educator" as an individual who is a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide in an eligible elementary or secondary school for at least 900 hours during a school year; and (2) "eligible elementary or secondary school" as a school that is eligible for schoolwide assistance under the Elementary and Secondary Education Act of 1965.

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