01/19/2024
Attention TEACHERS!
Heads up if your do your own taxes, TEACHERS! The IRS has upped Educator Expenses Deduction on taxes from $250 to $300.
https://www.irs.gov/newsroom/new-school-year-reminder-to-educators-maximum-educator-expense-deduction-is-300-in-2023 #:~:text=The%20limit%20will%20rise%20in,the%20limit%20rises%20to%20%24600.
IR-2023-150, Aug. 17, 2023 — As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses for 2023 when they file their federal income tax return next year.