K-12 Educators Can Still Deduct up to $250 for School Supplies

San Antonio AllianceUncategorized

The American Taxpayer Relief Act of 2012, which pulled the nation back from the brink of the “fiscal cliff,” contains a provision of note to K-12 educators: the educator expense deduction.

Elementary and secondary school educators can deduct up to $250 for school books, supplies, computer equipment or other materials purchased with their own money. This deduction is available to K-12 teachers, aides, counselor, instructors and principals. Without the “fiscal cliff” legislation, the educator expense deduction would have expired at the end of 2011.

Click here for more information.