Teachers: Deduct Qualified Expenses Incurred this School Year

For many students, the school year is winding down and summer vacations are beginning. Teachers often use this time to add up the expenses they incurred over the previous year. To help offset some of these costs, qualified educators may deduct up to $300 of unreimbursed expenses on their 2023 tax returns. Qualified expenses include books, classroom supplies, computer equipment, professional development tuition costs, and athletic supplies for health and physical education. To qualify for the deduction, a taxpayer must be a teacher or other educator of kindergarten through 12th grade and work at least 900 hours during the school year. Contact us for additional information. © 2023