IRS gives a $250 tax deduction still for eligible
Posted on: July 21, 2020 at 11:41:03 CT
SparkyStalcup MU
Posts:
25359
Member For:
13.67 yrs
Level:
User
M.O.B. Votes:
0
unreimbursed teacher expenses...but this doesn't cover what many teachers pay out of pocket, and a deduction is only $250 times your tax rate. That's probably less than $50 in benefit for most teachers.
Deduction is above the line...not subject to the 2% misc expense floor.
Edited by SparkyStalcup at 11:44:08 on 07/21/20