From: Deborah Hunt (dhunt@exploratorium.edu)
Date: Tue Jan 07 2003 - 10:10:03 PST
Message-Id: <a05111b07ba40c84caac3@[192.174.2.158]> Date: Tue, 7 Jan 2003 10:10:03 -0800 From: Deborah Hunt <dhunt@exploratorium.edu> Subject: tax tip from the NSTA
>From our own Paul Dougherty.
Deb
______
>
>Year II: $250 Deduction for Educator Expenses
>
> Tax year 2003 is the second installment of the 2002-2003 tax deduction for
>"Educator Expenses" that allows "eligible educators" to deduct as an
> adjustment to income up to $250 in qualified expenses, even if they don't
>itemize deductions on Schedule A. You may qualify as an "eligible educator"
> if you are a K-12 teacher, instructor, counselor, principal, or aide and
>you work at least 900 hours during a school year in a school that provides
> elementary or secondary education, as determined under state law.
>
> Qualified expenses include unreimbursed expenses you paid or incurred for
>books and supplementary materials that you use in the classroom.
> The IRS suggests that persons claiming deductions for educator expenses
>keep records noting the date, amount, and purpose of each purchase.
> Other qualifications and requirements apply, so consult your tax preparer.
>
> Continuing: "Schedule A" Unreimbursed Employee Business Expenses
>
> A reminder that a long-standing provision of the tax code, "Schedule A"
>deductions, may be most appropriate to your situation. Under this category
> and under certain circumstances, your annual unreimbursed purchases of
>NSTA membership, books, convention registration, and related travel
> expenses, as well as union dues, may be tax-deductible as unreimbursed
>employee business expenses subject to certain limits on Schedule A, Form
> 1040.
>
> Remember: Consult your tax preparer, and save your receipts.
-- Deborah Hunt CTL Senior Information Specialist Exploratorium 3601 Lyon Street San Francisco, CA 94123 Voice: 415-353-0485 Fax: 415-561-0370 mailto:dhunt@exploratorium.edu"A woman is like a tea bag; she never knows how strong she is until she's in hot water." Eleanor Roosevelt
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