Back To School-Tax Savings For Teachers

Teachers can deduct up to $250 for out-of-pocket classroom expenses.

Teachers can deduct up to $250 for out-of-pocket classroom expenses.

 

It’s back to school time! As everyone is busy getting ready to head to class, I want to remind the teachers out there that they have a special educator expense deduction.

Eligible educators can deduct up to $250 of any unreimbursed expenses paid for books, supplies, computer equipment, and materials used in the classroom on their personal tax return. To be eligible educators must be a kindergarten through twelfth-grade teacher, instructor, counselor, principal, or aid, and work at least 900 hours in the school year.

Currently, this deduction is only good for 2013. It expired last December and as of today, has not been renewed for 2014 or later. Hopefully, Congress will extend this.

Tweet it! Teachers can deduct up to $250 for out-of-pocket classroom expenses. Read more: bit.ly/1qrWwnF @BetteHochberger

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