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Tax Tips for Educators

Tax Tips for Educators

We know many educators are paying out of pocket for supplies and training to ensure they can meet the needs of students. But did you know, as an educator you may be able to deduct part of the cost of technology, supplies and training from your taxes?

Individuals who are teachers, instructors, counselors, principals, or aides and work at least 900 hours a school year in an elementary or secondary school (K-12) that provides elementary or secondary education as determined under state law are eligible to claim the educator’s deduction for expenses that are not reimbursed by their employer.

Educators can deduct up to $250 of trade or business expenses. This amount goes up to $500 if married filing jointly and both spouses are eligible educators (i.e. $250 each). Teachers who are planning to take this deduction can prepare for the upcoming school year by remembering to keep receipts and invoices after making any purchase; doing this verifies the purchase and supports claiming the educator expense deduction.

Here are some of the expenses an educator can deduct:

  • Professional development course fees
  • Books
  • Supplies
  • Computer equipment, including related software and services
  • Other equipment and materials used in the classroom

 

Qualified expenses also include the amounts you pay for personal protective equipment, disinfectant, and other supplies used for the prevention of the spread of coronavirus.

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Tax Tips for Educators

Tax Tips for Educators

We know many educators are paying out of pocket for supplies and training to ensure they can meet the needs of students. But did you know, as an educator you may be able to deduct part of the cost of technology, supplies and training from your taxes?

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