Q&A of the Week July 28, 2021

Question:

What should educators know about the educator expense tax deduction?

Answer:

Eligible educators can deduct up to $250 in qualified expenses that were not reimbursed.

Educators who are eligible:

• Teachers, instructors, counselors, principals, or aids AND

• In kindergarten through 12th grade AND

• Work at least 900 hours in a school during a school year AND

• Work in a school that provides elementary or secondary education.

Deductible expenses include:

• Professional development course fees

• Books and supplies

• Computer equipment, software, and services

• Other equipment and materials used in the classroom

Educators need to keep receipts to support their claim on their tax return! For more information:

https://www.irs.gov/newsroom/a-tip-for-teachers-some-educator-expenses-may-be-tax-deductible