From: Paul Doherty (pauld@exploratorium.edu)
Date: Tue Jan 07 2003 - 07:58:40 PST
Message-Id: <l0311070cba40a9a0cb28@[192.174.3.125]> Date: Tue, 7 Jan 2003 07:58:40 -0800 From: Paul Doherty <pauld@exploratorium.edu> Subject: tax tip from the NSTA
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.
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