As the new school year begins, the IRS is reminding educators that the maximum deduction for classroom expenses in 2024 remains at $300.
This deduction allows teachers to offset some of the money they spend out of pocket on classroom supplies, materials, and other essentials that enhance their students’ learning experience.
The $300 cap, which was adjusted for inflation in 2022 from the previous $250, remains unchanged from last year.
Who Can Claim the Educator Expense Deduction?
This deduction is available to teachers, instructors, counselors, principals, and aides who work at least 900 hours during the school year at a school providing elementary or secondary education. If you’re filing jointly with your spouse and both of you are eligible, you can claim up to $600—$300 per person. This deduction can be claimed even if you take the standard deduction, and it applies to educators in both public and private schools.
What Expenses Are Deductible?
Educators can deduct out-of-pocket expenses for a variety of classroom items, including books, supplies, equipment (like computers and software), and even COVID-19 safety measures such as masks, disinfectants, and air purifiers. Costs for professional development courses related to your teaching role can also be deducted, though you might want to explore other educational tax benefits like the Lifetime Learning Credit (check out Publication 970, Tax Benefits for Education, Chapter 3, for more info).
However, expenses for homeschooling or non-athletic supplies for health or physical education don’t qualify. The IRS recommends keeping detailed records, such as receipts and canceled checks, to substantiate your deductions.
Get Professional Help for the Best Tax Outcomes
To ensure you’re getting the maximum refund possible and navigating your tax situation correctly, it’s wise to work with a professional tax representative. A company like Morris and Associates can assist with any tax situation, helping you make the most of deductions and credits available to you. By relying on their expertise, you can avoid costly mistakes and make sure your tax return is accurate and maximized to your benefit.
