Tag: IRS

  • IRS: Teachers May Be Qualified For Tax Deductions

    IRS: Teachers May Be Qualified For Tax Deductions

    As a teacher, you are entitled to as many tax breaks as possible. You should also be aware that if you spend that amount on educational expenditures, you may claim a tax deduction of up to $250. If you’re married to another teacher and file a joint tax return, you may both claim the $250 deduction, bringing your total deduction to $500. Before you claim that deduction, double-check that you have documentation of your expenses. Scanning receipts and storing them electronically prevents them from becoming worn and difficult to see. It’s also a good idea to have credit card bills with educator charges on them.

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