BREAKING NEWS
Eligible educators can deduct out-of-pocket expenses for COVID-19 protective items used in classroom, IRS says
Read full article: Eligible educators can deduct out-of-pocket expenses for COVID-19 protective items used in classroom, IRS saysSAN ANTONIO ā If youāre an educator filing a tax return this year, you may be eligible to deduct unreimbursed expenses for COVID-19 protective items used in the classroom. The educator expense deduction applies to eligible educators for unreimbursed expenses paid or incurred after March 12, 2020, for the COVID-19 protective items. The IRS says eligible educators include any individual who is a kindergarten through 12th grade teacher, instructor, counselor, principal or aide in a school for at least 900 hours during a school year. The IRS will allow educators to deduct up to $250 of qualifying expenses per year. AdThe IRS says the deduction applies to expenses paid or incurred only during the tax year.