Regardless of your location we provide online tax preparation and planning services for Teachers.

TEACHERS’ TAX DEDUCTIONS

Teachers and eligible educators expense deduction. While this is not a tax deduction credit, it is an above-the-line deduction of up to $250 for classroom expenses paid during the tax year.

Eligible expenses include:

  • Computer equipment
  • Books
  • Supplies

Eligibility

An educator is a kindergarten through grade 12 teacher, instructor, counselor, principal or aide who works at least 900 hours a year in either a public or private school.

EDUCATION EXPENSES

Another teacher tax deduction is education expenses for tuition incurred in pursuing graduate school or other additional education. Education expenses can be claimed, subject to limitations and requirements as either:

Educator’s expense deduction

  • Unreimbursed employee business expense (as a Schedule A itemized deduction)
  • Tuition and fees deduction
  • Education credit
  • School board’s certification renewal expense

Non deductible expense

If the education is needed to meet the minimum educational requirements to qualify you for a particular position.

if the education will qualify you for a new trade or business.

You should keep receipts to substantiate all expenses.

To know more please contact us