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
Qualified can deduct up to $250 per person of unreimbursed teaching expenses. This typically includes books, supplies, equipment or other teaching materials used in the classroom. Coaches and PE instructors can also deduct athletic equipment and expenses.
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.