Increased Tax Deduction for Educators' Expenses
New rules increase the amount teachers can deduct from their taxes for work-related expenses like classroom supplies. The deduction limit is raised from $250 to $1,000 per year. This change aims to provide greater financial support to educators covering costs for their students and schools.
Key points
The tax deduction limit for educators' work-related expenses increases from $250 to $1,000.
This change applies to tax years beginning after December 31, 2021.
The deduction covers expenses incurred by eligible educators (elementary and secondary school teachers) for materials and supplies.
Expired
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