Educator Expenses Deduction
What it is:
How it works (Example):
In order to qualify for the educator expenses deduction, a person must have worked at least 900 hours in an elementary or secondary school during a given school. Accordingly, teachers aren't the only people entitled to the ; counselors, principals and other staff members may qualify. College educators do not qualify.
Why it Matters:
The educator expenses deduction is intended to be a Coverdell Education Savings Account, the teacher may only be able to deduct the amount of educator expenses that exceed the amount of those distributions.