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Tax Breaks for Educators of Many Types
Eligible educators that pay for educational supplies out of their own pocket can claim an “above the line” annual deduction of up to $250 for any unreimbursed qualified expenses. Additionally any excess may be deductible as a Miscellaneous Expense (subject to the usual limits).
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Qualified expenses are amounts paid or incurred for books, supplies, computer equipment (including related software and services), other equipment, and supplementary materials that are used in the classroom for the students’ benefit. For courses in health and physical education, expenses for supplies are qualified expenses only if related to athletics.
Eligible educators include Kindergarten to Grade 12 teachers, instructors, counselors, principals, aides, and student teachers who work at least 900 hours a school year in a school that provides elementary or secondary education as determined by state law.
Talk with your accountant to determine if you meet all the rules for qualified expense deductions.