Tax deductions for teachers. | VK Consulting LLC
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You are a teacher; you constantly buy supplies for your classroom. Can you deduct any of the expenses?

Yes, if you are an eligible educator who is:

  •  a kindergarten through grade 12:
    • Teacher
    • Instructor
    • Counselor
    • Principal, or
    • Aide, and
  • You work at least 900 hours a school year in a school that provides elementary or secondary education as determined under state law.

Unfortunately starting 2015, a lot of teachers lost educator (teacher) expenses deduction, as it becomes above the line itemized deduction subject to 2% AGI.

For example, your AGI is $30,000, your 2% is 30,000*2%= $600. If you spent less than $600, there is nothing you can deduct, if you spent $850, than you can deduct $250 only . $875-600=$275, but IRS limits you only to $250. $500 if couple filled married filing jointly and both spouses are eligible educators.

So to summarize, before 2015, you could have deducted $250, granted you spent $250 or more.

Starting 2015, you need to spent 2% of your AGI plus $250. This deduction is taken now on Schedule A, Itemized deductions. See a video that shows where it goes.