Although school may look a little different this year, eligible teachers and other educators can still deduct certain unreimbursed school-related expenses on their tax return next year.
Who is considered an eligible educator?
To be considered an eligible educator, the taxpayer must be a teacher, instructor, counselor, principal, or aide at either an elementary school, a middle school, or a high school. The taxpayer must also work at least 900 hours during the school year at an institution that provides elementary or secondary education, as determined under state law.
How much can I deduct?
Eligible educators can deduct up to $250 of unreimbursed school-related expenses. Married individuals filing a joint return may deduct up to $500 if both taxpayers are eligible educators. However, these taxpayers cannot deduct more than $250 each.
REMINDER: Teachers should keep any expense-related receipts to support claiming the deduction.
Examples of deductible expenses include:
Professional development course fees;
Computer equipment, including related software and services; and
Other equipment and materials used in the classroom.
For more information see the following resources:
IRS Tax Tip 2020-92 #TaxTip