Teaching Expenses

In order 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. Here are some examples of professions that count:

• Principal
• Counselor
• Instructor
• Teacher
• Teacher’s Aide

When filing your tax return, you can deduct up to $250. If you’re married filing jointly and both you and your spouse are teachers, you can deduct $500 in total for teaching expenses. ($250 per person)

The following below are qualified expenses that aid in your profession:

• courses you need to take which directly correlate to your education towards being a teacher
• books
• supplies
• computer equipment as well as software
• supplementary materials
• athletic supplies for physical education teachers

This entry was posted on Monday, November 16th, 2020 at 2:42 pm and is filed under Deductions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.