IRS increases what teachers can deduct for classroom expenses

IRS increases what teachers can deduct for classroom expenses

(The Hill) — As the school year begins, the Internal Revenue Service (IRS) is telling educators that they can deduct up to $300 of out-of-pocket classroom expenses, the first increase in two decades.
The special educator expense deduction increase is the first since it was enacted in 2002 with a $250 annual limit, and the IRS said in a release this month it will continue to rise in $50 increments…

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