The IRS has an important reminder for teachers and eligible educators—up to $300 in out-of-pocket classroom expenses can be deducted from your 2024 taxes. This deduction helps educators offset the cost of materials, supplies, and other items purchased for their classrooms.
Who Qualifies?
If you are a teacher, instructor, counselor, principal, or aide working at least 900 hours a year in a kindergarten through grade 12 school, you are eligible for this deduction. This applies to both public and private schools. The goal is to help educators who often spend their own money to create a positive learning environment for students.
What Expenses Are Covered?
You can deduct up to $300 for a variety of classroom-related purchases. This includes:
- Books and supplies;
- Computer equipment (including related software);
- Classroom materials such as bulletin boards and decorations;
- Athletic supplies for physical education teachers; and
- Personal protective equipment (PPE) and COVID-related supplies.
For those who are married and both spouses are eligible educators, each spouse may deduct up to $300, meaning you can deduct a total of $600 if filing jointly.
How to Claim the Deduction
To claim this deduction, you do not need to itemize your taxes. It is an “above-the-line” deduction, meaning it reduces your taxable income directly. Keep records and receipts of your purchases to ensure you can accurately claim the expenses at tax time.
Why You Should Take Advantage of This Deduction
Classroom materials can be expensive, and this deduction helps you save on those out-of-pocket costs. Whether you are purchasing books, supplies, or even personal protective equipment, the IRS recognizes your investment in students and provides this valuable tax benefit.
Need Assistance?
If you have questions about this deduction or need assistance filing your tax return, contact our office. We are here to guide you through the process and make sure you take full advantage of all the deductions available to you.