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Nov 16, 2020Teaching Expenses
To deduct your teaching expenses, you must be an eligible K-12 educator. You must also teach at least 900 hours in a school year for a school that provides elementary or secondary education. Here are some examples of professions that count: When filing your tax return, you can deduct up to $300 in unreimbursed expenses. […]
adminNov 16, 2020Unreimbursed Job Expenses
If you have out-of-pocket job expenses, as a W2 employee, you may be eligible to deduct unreimbursed job expenses on your tax return. This will be located on Form 2106. However, prior to tax year 2018, taxpayers can only deduct unreimbursed expenses that exceed 2% of their adjusted gross income. This is located on Schedule […]
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