August 7th, 2020

Is your school districts using a hybrid and/or remote learning model this fall? You can deduct certain expenses, such as classroom supplies and training to reduce the amount of tax you owe when filing next year’s tax return.

You must be a kindergarten through 12th grade teacher, instructor, counselor, principal, or aide to qualify and you need to work at least 900 hours a school year in a school that provides elementary or secondary education. Educators can also take advantage of other tax benefits, such as the Lifetime Learning Credit.

what is the Educator Expense Deduction

Teachers can deduct up to $250 of un-reimbursable business expenses. Spouses filing joint returns, if both are eligible educators, can deduct up to $500 (not more than $250 each). This expense deduction is available even if you don’t itemize deductions!!

Things you can deduct: books, supplies/equipment/materials, and computer equipment/software. Expenses for participation in professional development courses are also deductible.

Keep Good Records

Keep detailed receipts for your records, which identify the date, amount, and purpose of each purchase.

Teachers – do you need a new accountant? Contact Tax Defense Ohio offices at 614-524-4888 or 614-310-0506