Tax Tips for Teachers

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06 Aug Tax Tips for Teachers

During the fall of 2020, many school districts are using a hybrid and/or remote learning model due to COVID. However, educators can still deduct certain un-reimbursable expenses, such as classroom supplies, training, and travel. Deducting these expenses helps reduce the amount of tax owed when filing a tax return.

To qualify for the deduction, you must be a kindergarten through 12th grade teacher, instructor, counselor, principal, or aide. You will need to work at least 900 hours a school year in a school that provides elementary or secondary education as determined under state law.

How the Educator Expense Deduction Works

You can deduct up to $250 of un-reimbursable business expenses. If you and your spouses are both eligible and file a joint return, you can deduct up to $500, but not more than $250 each. This expense deduction is available even if you don’t itemize!!

Things you can deduct: books, supplies/equipment/materials (i.e. athletic supplies if you teach physical education), and computer equipment/software. Expenses for participation in professional development courses are also deductible.

Keep Good Records

Make sure your records identify the date, amount, and purpose of each purchase. Keep a copy of your records and returns for three years. A tax transcript is available free of charge from the IRS, and your CPA can help.

Teachers – do you need a new accountant? Contact our offices at 614-524-4888 or 614-310-0506


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