Did you know that educators can claim deduction to get money back for classroom expenses?
Educators can deduct up to $250 of trade or business expenses that were not reimbursed. As teachers prepare for the next school year, they should remember to keep receipts after making any purchase to support claiming this deduction.
The deduction is $500 if both taxpayers are eligible educators and file their return using the status married filing together. Examples of expenses the educator can deduct include:
- Professional development course fees
- Computer equipment, including related software and services
- Other equipment and materials used in the classroom
An eligible educator is a taxpayer working as a kindergarten through Grade 12 teacher, instructor, counselor, principal or aide. They must also work at least 900 hours a school year in a school that provides elementary or secondary education as determined under state law.
The best tax tips for individuals in St. Petersburg is always save your receipts! You never know when you might have a deduction. If you have any questions or need more tax tips for individuals, please contact us for a free consultation!