For The First Time, Maximum Educator Expense Deduction Rises To $300 In 2022; Limit $250 For Those Filing 2021 Tax Returns
The IRS reminds us in IR-2022-70 that the Maximum Educator expense Deduction is $250 for tax year 201 and rises to $300 for tax year 2022, rising $50 per annum with inflation thereafter. This pertains to teachers from Kindergarten to 12th grade regarding their unreimbursed expenses- Bo...
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