Claiming Your Educator Tax Deductions

The first year in the classroom is often physically, mentally and financially draining for a teacher. To help ease the transition into full-time employment, first-year teachers can take advantage of a number of available tax credits and deductions.

Substitute teacher deductions can lead to a much lower tax bill. Learn from our tax expert about what substitute teachers can write off.

An eligible educator can deduct above the line up to $250 of any unreimbursed business expenses for classroom materials, such as books, supplies, computers including related software and services or other equipment that the eligible educator uses in the classroom. Supplies for courses on health and physical education qualify only if they are related to athletics.

If you are a teacher, you may receive a Form W-2, Wage and Tax Statement, from the educational institution employing you. This form reports your income from wages, prizes or awards. Payments that you receive for providing services as a tutor, in addition to your regular job, may be considered income from self-employment and are reportable on Schedule C, Profit or Loss from Business.

Can homeschooling expenses be claimed as educator expenses?

As a teacher, you have some unique credits and deductions that are available to you. This information will help as you wrap up the year and plan for paying your taxes. Or if you are planning out your personal and professional expenses for the next year, be sure to keep these tips in mind.

Some tax benefits are only available to educators, and other general tax benefits can be used by educators to save even more money.

You could be leaving hundreds of dollars on the table when you file your tax return this year. From magazines to medical insurance premiums, little-known tax deductions could make tax day a happier one for your family this year.

In my opinion, being an educator could be one of the most important professions. Miss Honey, from the movie ‘Matilda’, said it best to Harry Wormwood when she explained that without teachers there would be no doctors, lawyers, etc. So, for all of you Miss Honey’s out there, there are some tax deductions that you may get to claim on your taxes because you are a teacher. Keep records and save receipts even if you’re not sure whether you can claim them as a deduction. Your tax preparer can let you know if they are deductible.

The good news: this story isn't about teachers having sex with their students. The bad news: the IRS and U.S. Tax Court have given people one more reason not to go into teaching.

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Teachers often pour not only their heart into their work, but also their own money to make sure that students get the education they need and deserve.

Tax deductions for teachers can cover expenses, retirement plans, and more.

Find qualified expenses educators and teachers can deduct on their income tax returns.

Tax Samaritan’s vision is to provide the highest quality teacher tax preparation service to professional educators at a competitive rate and that all eligible tax deductions for teachers are claimed.

If you are a teacher and you paid for classroom supplies and other materials out of your own pocket, you can claim those expenses as a tax deduction.

The IRS allows teachers and other school employees to deduct educator expenses from their taxes. Find out what expenses you can deduct and how much. Learn more about taxes at Bankrate.

Learn about common tax write-offs for teachers and educators that are available to be claimed on income tax returns.

Read this before you file your tax return. We’ll help you claim your educator deductions so you can get back as much money as possible.

Schoolteachers commonly dip into their own pockets to pay for classroom materials. In fact, a 2013 survey by a trade group for the school supplies industry found that 99.5% of public school teachers paid at least some classroom expenses with their own money — an average of $945 apiece in the preceding school year. Teachers can find some relief in the fact that the federal tax code includes deductions to help ease that burden.