What Can Teachers Deduct?

         Now that school has started, many educators have probably bought a few classroom supplies. As the year goes on, these teachers will certainly use their own funds to buy what is needed. Expenses like this can start to add up very quickly. Is there any way to lighten the load that those good-hearted teachers are carrying? Yes, there are, and one of them is through a tax deduction called the Educator Expense Deduction.

          Those who qualify for this deduction must work at a school that provides elementary or secondary school education and work at least 900 hours in the year. They may hold a variety of positions, such as, counselor, aide, principal, or teacher. Those qualified must teach a grade from Kindergarten to Twelfth. If they do so, they may qualify for a deduction of up to $250. This would cover some of the cost of books, supplies, computer equipment, and other items. It can be confusing to determine what qualifies for a deduction, so it may be best to seek the help of a Qualified Tax Professional to guide you through the process.

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