Filing season reminder for teachers: Some educator expenses may be tax deductible |
posted by: Melissa | March 17, 2022, 04:58 PM |
When tax season is upon us, teachers are especially looking for every deduction and each opportunity to document and claim allowable professional expenses when filing. To help you, here is the latest information and tax policy specifically for educators from the US Internal Revenue Service. The educator expense deduction allows eligible teachers and administrators to deduct part of the cost of technology, supplies and training from their taxes. They can only claim this deduction for expenses that were not reimbursed by their employer, a grant or other source.
Who is an eligible educator
Things to know about this deduction
The deduction is $500 if both taxpayers are eligible educators and file their return using the status married filing jointly. These taxpayers cannot deduct more than $250 each. Qualified expenses are the amounts the taxpayer paid with their own funds during the tax year.
Here are some of the expenses an educator can deduct:
Expenses for COVID-19 protective items. These items include, but are not limited to:
This deduction is for unreimbursed expenses paid or incurred during the 2021 tax year. Taxpayers should keep records, such as receipts and other documents that support the deduction with other tax documents. Eligible taxpayers will claim the deduction on Form 1040, Form 1040-SR or Form 1040-NR, attaching Schedule 1, Additional Income and Adjustments to Income.
This information is provided by the IRS Tax Outreach, Partnership and Education Group.
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