TEACHER EXPENSES AND YOUR TAX RETURN

January 10, 2017/0 Comments/in Videos & Info Graphics /by fiducial

On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and may not apply to tax returns starting in the 2018 tax year. You may wish to speak to your tax advisor about the latest tax law. This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.

If you are a teacher, principal, counselor or aide for kindergarten through grade 12 for 900 hours or more during the tax year and you spend your own money on classroom supplies or professional development costs, you probably qualify to deduct up to $250 of those costs “above-the-line.”