If you are a teacher or eligible educator, you may have to reach into your own pockets for your classroom needs.
AdoptAClassroom.org first began surveying teachers in 2015. Their data shows that what teachers spend out of pocket for school supplies has increased 25%. According to their 2021 survey, teachers spent an average of $750 on school supplies out of pocket, with 30% of them spending $1,000 or more on school supplies.
In 2021 the teacher’s expense deduction was capped at $250. For the 2022 tax year, the maximum deduction jumps to $300 (or $600 for a married couple filing a joint return where both spouses are eligible educators).
These eligible expenses may include items such as, COVID-19 protective gear, books, supplies and other materials used.
Keep in mind this is an “above-the-line” deduction, and therefore you do not have to itemize to claim it.
If you need assistance or have any questions on the information in this article, please call your CironeFriedberg professional. You can reach us by phone at (203) 798-2721 (Bethel), (203) 366-5876 (Shelton), or (203) 359-1100 (Stamford) or email us at info@cironefriedberg.com.