With Back to School just around the corner, IRS Tax Tip 2022-118 is important for all educators to review.
The IRS knows that teachers go above and beyond, even buying classroom supplies with their own money to ensure successful learning environment. IRS Tax Tip 2022-118 gives some insight into the educator expense deduction which allows eligible educators and administrators to deduct part of the cost of some supplies, training, and technology from their taxes. This is only true of expenses that were not reimbursed by their employers, grants, or another source. Read on below for more on this tax tip, and contact McCauley Law Offices today to settle your Tax Jam and get the IRS off of your back!
Visit www.IRS.gov for more information, and check out Topic No. 458 Educator Expense Deduction on the IRS website for additional advice on this topic.