School supplies may be tax deductible for you!
Claim that as a tax deduction!
On 2021 tax returns teachers can deduct up to $250 of non-reimbursed expenses. If you are also married to a teacher and are filing jointly that limit rises to $500.
Starting in 2022 teachers can now deduct up to $300 of non-reimbursed expenses. If you are also married to a teacher and are filing jointly that limit rises to $600.
Remember to keep your receipts to support your claim! If you aren't reimbursed by the school at least you can get a tax break.
Some examples of deductions may include:
Professional development course fees
Books and supplies
COVID-19 protective items to stop the spread of the disease in the classroom
Computer equipment, including related software and services
Other equipment and materials used in the classroom
For more information:
This information has been provided by the IRS. This blog post is not financial advice and is not a substitute for professional financial advice.