The Educator Expense Tax Deduction allows teachers and certain academic administrators to deduct a portion of the costs of technology, supplies, and certain training. Here’s what teachers need to know about taking the Educator Expense Deduction on their
By Gerry Born • October 9, 2023 • 21 Comments Enjoying Ourselves at Mexico Beach, FL Greetings taxophiles and taxophobes alike! After last year’s Free Money! debacle, I swore to myself that I wouldn’t drag my feet on the 2024 Free Money! post. So, here it is! (I didn’...
“Oh, the government lets me earn this amount of money, but they want to tax me? What a country. What a deal!” And then my 43 represents the free money which is standard deductions, personal exemptions for three people, my child credit added back in and then the remainder of the 10...
The Educator Expense Deduction is a tax provision introduced by the Internal Revenue Service (IRS) to help alleviate some of the financial burden placed on teachers who often spend their own money on classroom supplies. Under this deduction, eligible teachers can deduct up to $250 of their out-...
Thursday, July 27, 2023; 2:00pm-3:30pm ET Faculty Hour: Navigating Taxation in Accounting Education - Integrating Tax Curriculum and Practical Skills for Success Host: Anna Howard, CPA, Senior Manager, AICPA Guest Speakers: Annette Nellen, CPA, Esq – San Jose State University Damien Martin,...
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