Duluth/Gwinnett/Atlanta CPA on Educator Expenses
If you were titled as an educator you can deduct up to $250 of qualified expenses as an adjustment to gross income on your 1040 Form instead of claiming them as miscellaneous itemized deductions. IF you plan to file Form 1040A you can deduct the expenses there. If you and your spouse are filing jointly both as eligible educators then the maximum deduction is $500. Each spouse is only allowed to deduct $250 of their qualified expenses.
Eligible educators are defined by if the teacher teaches kindergarten through 12th grade or is a counselor, principal, or aide in school for at least 900 hours in a school year.
Qualified expenses include ordinary and necessary expenses that are bought and paid in connection with books, supplies, and other class related equipment, and other materials used in the classroom. Ordinary expenses are ones that are considered normal by your field of study to instruct children in the classroom. Expenses do not have to be required to be deemed necessary. These expenses do not include home schooling or nonathletic supplies for health or physical education. Expenses must be reduced by the amounts of any reimbursements received for expenses that went unreported on your W-2.
Over the Limit Educator Expenses: If your educator expenses went over the set limit you can count them as itemized deductions to the 2% limit.
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