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By David
Teachers – Don’t Forget Your $250 Tax Deduction.
Since I was married to a teacher, I know about this tax deduction – do you or any of your teacher friends? If you are an educator, remember to keep any receipts for unreimbursed classroom supplies so that you have a record of them. There is a line item deduction on your tax form for $250 for these costs, and while you don’t have to submit your receipts to get the deduction it’s always a good idea to have them around just in case. I just read recently that some 66% of teachers use their own money for classroom supplies and/or food for their students, so while this $250 is nice it doesn’t seem like nearly enough. But it is what you have for now, so remember to take it!
