Educational Tax Benefits
Teacher - deductible expenses
Elementary and secondary school teachers can deduct from gross income up to $250 of qualified expenses they paid during the year. If spouses are filing jointly and both were eligible educators, the maximum deduction on the joint return is $500. However, neither spouse can deduct more than $250 of his or her qualified expenses. The deduction expired for tax years beginning after 2011. ATRA, extends the deduction through tax years beginning before 2014.
Need Professional Help?
If you need help with "Educational Tax Benefits" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.