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- Books, Supplies, Materials, Equipment- computers/ software and Covid related […]
What the IRS wants teachers from Kindergarten to 12th grade to know about unreimbursed expenses that they incur for the classroom. Now that fall is here and school has started, many teachers are dipping into their own pockets to buy classroom supplies. Doing this throughout the year can add up fast. Fortunately, eligible educators may […]
